Eimskip takes over the warehouse operation of Damco in Aarhus

Monday, February 23, 2015
Eimskip Denmark and Damco enter into strategic partnership
Eimskip takes over the warehouse operation of Damco in Aarhus

Eimskip will strengthen its position in warehouse services in Denmark by entering into a strategic partnership with Damco and taking over a 15,500 square meters warehouse operation. Eimskip has been operating a warehouse of 6,000 square meters and with the agreement with Damco, the merged warehouse will be 21,500 square meters in total. After the changes, Eimskip will be the largest third party logistics provider in Aarhus.

Aarhus is the second largest port in Scandinavia, handling over 600,000 TEU per year and the warehouse is located on the container terminal with direct access to the port.

Damco has operated the warehouse in the port of Aarhus since 2003. The main expertise and focus has been on storage, packaging, project cargo, cradling, container freight station, distribution and pick and pack services. Peter Hag and Preben Nielsen will be managing the daily warehouse operation.

Following the merger of the warehouses, Eimskip Denmark will employee 45 persons in the warehouse and the turnover of Eimskip in Denmark is estimated to increase by EUR 3 million on yearly basis.

Sigurdur Orri Jónsson, Managing Director of Eimskip Denmark A/S

I am pleased to see this project finalized. As of 1 March the new warehouse will be a part of Eimskip's container freight station and our warehouse operation and we look forward to working with both the customers and the employees of the new warehouse. The partnership will strengthen the setup of Eimskip in Aarhus and the transaction is a part of Eimskip's growth strategy that will further strengthen the company's operation in the Danish and North Atlantic market.