Eimskip acquires Jac. Meisner

Monday, January 5, 2015
Eimskip has strengthened its position in worldwide reefer logistics services with an acquisition of the forwarding company Jac. Meisner Internationaal Expeditiebedrijf B.V. in the Netherlands.

The company Jac. Meisner was founded in 1959 and is located in the port of Rotterdam. The company's main expertise is custom brokerage, veterinary and agricultural inspection and receiving and checking of frozen and chilled cargo with origin all over the world for import into European countries. The company's annual turnover amounts to approximately EUR 7.5 million and with expected synergy with Eimskip the estimated EBITDA margin of the company will be 8-9%.

Jac. Meisner employs 12 persons with Dick Weijgertze as the Managing Director and Eimskip is pleased that Dick will stay on board the company as the Managing Director.

Dick Weijgertze, Managing Director of Jac. Meisner
The dynamics of the logistics sector demands combined solutions involving new operating models in combination with skilled professionals. By joining Eimskip's worldwide forwarding network we can achieve breakthroughs for new added value logistics services to secure the continuing strong position of Jac. Meisner in the port of Rotterdam with the company's excellent connections in the Netherlands and other destinations within Europe.

Gylfi Sigfússon, President and CEO of Eimskip
I am pleased that Jac. Meisner now becomes a part of Eimskip and look forward to working with the employees of the company. The acquisition will strengthen the services to Eimskip's customers and the customers of Jac. Meisner will also benefit from Eimskip's global network. The transaction is a part of Eimskip's strategy of external growth and will further strengthen the company's worldwide reefer logistics services.