Offen takes over Conti
The Hamburg shipping company Claus-Peter Offen is taking over the Munich-based Conti Group. The shareholders of both companies have come to an agreement in this respect. Offen is taking over 100% of the corporate shares of the Conti Group and the qualified majority of shares in the Bremer Bereederungsgesellschaft BBG. Following the takeover, the Conti Group will continue as an independent company.
Claus-Peter Offen: “For us, this takeover is a further step in our growth strategy. Conti is an excellent name and is an optimal fit for our group.”
Following the takeover, the Offen Group, together with its subsidiaries, will solidify its position as one of the largest and most stable German shipping companies in the face of a continuing shipping crisis, with 95 container ships with 631,000 TEU/ 7.8 million tdw, 37 bulkers with 3.0 million tdw and 37 product tankers with 1.8 tdw, for a total of 169 ships. The Offen Group is a German shipping company based in Hamburg. The company was founded in 1971 by ClausPeter Offen and operates one of the world’s most significant container ship fleets with around 70 ships with a total of 417,000 TEU capacity, including 33 large Postpanamax ships with up to 14,000 TEU. The company’s ships are employed primarily in scheduled services by the large charter companies such as MSC, Maersk, CMA CGM, Hapag Lloyd and Hamburg Süd, predominantly in the context of long-term time charter agreements.
Since 2007, the company has also been involved in product tanker shipping (around 30 units), as well as in bulk shipping (8 units). With 101 ships and 3,500 employees, it is one of the leading German shipping companies, and, with an EBITDA of around €480 million (2015), it is also one of the most profitable in Germany.
The Conti Group is also a German shipping company, based in Munich. It was founded in 1970 and also operates a large and modern container ship fleet with 30 ships for a total capacity of 207,712 TEU, as well as 8 product tankers and 29 bulk carriers.
With a total of 68 ships and around 2,000 employees, it is one of Germany’s most renowned shipping companies, and has a solid financial base.
The BBG in Bremen was also founded in the 1970s, and today is in charge of the technical management of 35 bulk carriers including the afore-mentioned 29 Conti vessels. With around 600 employees, it is one of the large bulk shipping companies in Germany.
Source credit: http://offengroup.de/pressreleases.html