The agreement was for the acquisition of 90.4 per cent of the outstanding shares in Unitor ASA.
The acquisition was subject to approval of competition authorities in countries in which both Unitor and WW have activities of some size.
Pre-closing approvals from relevant competition authorities have now been given, and WW has today initiated the process of share transfer.
The acquisition of Unitor represents a strategic investment for WW and WWs subsidiary Wilhelmsen Maritime Services (WMS).
Unitor complements the wide range of products and services delivered by WMS and together the two companies will create a unique global network servicing the maritime industry. Expected synergies will be in the order of US Dollars 15 – 20 million per year.
» Link to press release "Wilhelmsen acquires Unitor"