Supreme Group Acquires EMS Seven Seas

By George Backwell
Monday, June 23, 2014

Supply chain solutions provider in challenging environments, Supreme Group (Supreme), says it has completed its purchase of EMS Seven Seas ASA.

Headquartered in Norway and listed on the Oslo Stock Exchange, EMS Seven Seas is a global maritime services group serving merchant marine, offshore and defense customers. The company supplies general ship supplies, provisions, stores, spare parts and leading technical maritime brands through its extensive network of some 600 ports.

Supreme now owns 90.04% of the total outstanding shares in EMS and says it will make a mandatory offer to the remaining shareholders in the company in due course. 

"We are excited to announce completion of the acquisition of EMS Seven Seas, which is a great company with strong brand loyalty," said Theo Reichert, CEO, Supreme Group.

"By integrating ship supply services to our existing portfolio of supply chain solutions, we are well positioned to serve the evolving needs of both military and commercial clients. We are prepared to make investments to ensure EMS Seven Seas becomes the global leader in commercial ship supply within three years, and we look forward to working closely with their teams around the world to make this happen, merging our organizations to leverage operational synergies to their fullest potential," Reichert added.

About Supreme Group
Founded in 1957, Supreme Group is a global leader in the provision of end-to-end supply chain solutions to defense, government, and commercial sector clients around the world. For more than fifty years, the company has provided critical, life-sustaining services that empower clients to accomplish missions in challenging and austere environments.

http://www.supreme-group.net

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Young Taken on PESA Advisory Board

Hoover Container Solutions’ chairman and CEO, Donald Young, has been nominated and elected to the Petroleum Equipment & Services Association (PESA) Advisory Board for a three-year term.

US Navy Tests Latest Aegis Weapon System

The U.S. Navy conducted a series of cooperative air defense test exercises with the Spanish navy that culminated in live missile firing events using the latest Aegis Weapon System baseline July 20-21.

Antwerp Port CEO Scoops Baron Title

After 25 years as CEO of Antwerp Port Authority, Eddy Bruyninckx has been raised to the nobility by H.M. the king of Belgium with the rank of baron. In Belgium

Ports

Panama Canal Launches Green Award System

The Panama Canal has launched the Green Connection Award, a new initiative to recognize customers who demonstrate excellent environmental stewardship, and to encourage

Thyssenkrupp Involves in Panama Canal Expansion

Thyssenkrupp supplied 14 innovative elevators for expansion of the Panama Canal , seven for each new lock complex, one of which is on the Atlantic side and the other on the Pacific.

Antwerp Port CEO Scoops Baron Title

After 25 years as CEO of Antwerp Port Authority, Eddy Bruyninckx has been raised to the nobility by H.M. the king of Belgium with the rank of baron. In Belgium

Logistics

Global Fleet Growth: A More Mature Trend?

The supply of ships into the fleet is a key determinant of vessel earnings across the shipping sectors, and world fleet growth is closely followed by everyone in the maritime industry,

Cosco: No to Shark Fin

China's biggest shipping and logistics company Cosco has pledged a total ban on transporting shark's fins,  says SCMP. It called the move a "body blow" to the international shark's fin trade.

Seaborne Transportation - Economy Without Borders

With seaborne transportation accounting for the vast majority of the world’s international trade, the importance of the shipping industry to the mechanics of the

Mergers & Acquisitions

G6 Updates Asia-North America West Coast Service

Two services will be merged into one until further notice / Reason is change in market demand / All other services remain unchanged. Members of the G6 Alliance

RINA Closes Edif Group Acquisition

RINA S.p.A, the holding company of the multinational testing, inspection, certification and consulting engineering group based in Genoa, Italy, has announced that

Royal IHC, NETICS Join Forces

Royal IHC has entered into a partnership with NETICS, a civil engineering and consultancy agency. A leading global player in engineering with dredged sediments,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0828 sec (12 req/sec)