Eimskip Greenland A/S has acquired the port agency and forwarding activities of Royal Arctic Line (Royal Arctic Spedition) in Greenland. The acquisition will be effective from May 1st, 2023, when conditions for completion have been fulfilled.
Eimskip has operated a freight forwarding office in Nuuk in Greenland since 2020. The acquisition will further strengthen Eimskip´s position in its home market in the North Atlantic and enable the Company to strengthen its service portfolio in the Greenlandic market.
The acquired operations consist of freight forwarding services, and agency services for vessels calling Greenland, such as cruise ships and trawlers. Eimskip has built strong agency business in Iceland and the Faroe Islands and now enters the Greenlandic market which has seen increased cruise traffic in recent years.
Vilhelm Már Þorsteinsson, CEO, Eimskip:
“The acquisition of these business activities in Greenland is an important milestone for Eimskip in Greenland and a logical step for Eimskip’s service offering in the Arctic region. Greenland is an exciting and growing market area which we believe in for future years. We are confident that this acquisition will create new growth opportunities and contribute to developing Eimskip’s dynamic and diverse operation in the area.“