Tag Archives: Aquisitions

Hapag-Lloyd acquires SM SAAM’s terminal business

Taking over terminals in North, Central and South America

Hapag-Lloyd AG has completed the 100% acquisition of Chilean-headquartered SAAM S.A.’s port terminal and related logistics business. “This investment will allow us to expand our long-term access and service offering to and from the Americas,” said Hapag-Lloyd CEO Rolf Habben Jansen. “Latin America stands out as one of our key regions and investing in terminal infrastructure in stronghold markets such as these is an important part of our strategic agenda.”

Latin America is of course also a powerhouse of reefer container trade, where Hapag-Lloyd is a key global player. Earlier this year, the carrier announced that it had equipped 100,000 of its reefer containers with telematics monitoring devices and is on track to turn its entire reefer fleet smart by the end of 2023. 

The SAAM deal includes interests in terminals in Iquique, Antofagasta, San Antonio, San Vicente and Corral (Chile), Port Everglades (United States / Florida), Mazatlán (Mexico), Buenavista (Colombia), Guayaquil (Ecuador) and Caldera (Costa Rica), plus logistics services.

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