Wallenius Wilhelmsen

Wilh. Wilhelmsen ASA: WWASA expands logistics activities through joint venture Wallenius Wilhelmsen Logistics

WWASA's joint venture Wallenius Wilhelmsen Logistics

aims at offering global car and ro-ro customers high

quality ocean transportation and integrated logistics

services from factory to dealer.

"Acquiring strategically important logistics

infrastructure is important to further strengthen our

position in the car and high and heavy market," says

Jan Eyvin Wang, president and CEO of WWASA.

To increase its land-based logistics footprint, WWL

has bought out its partner in two entities:

1)Americas (VSA), currently a joint venture

(50/50) between the two companies. The company employs

3 400 employees and handles some 4.7 million units

annually. With full ownership, WWL confirms its

position as a leading provider of vehicle processing

for automotive manufacturers in North America.

2)An agreement with Groupe CAT to acquire its

50% shares in CAT-WWL, a joint venture network of ten

vehicle-processing facilities based in South Africa.

With full ownership, WWL becomes one of the top

independent providers of vehicle processing services

to support automotive manufacturers in South Africa.

The business employs more than 950 workers and handles

some 680 000 units.

In addition, WWL has sold Vehicle Services Europe

(VSE) to Groupe CAT. The company employs some 400

employees with truck based inland distribution in

Europe and three vehicle processing centres in Germany.

The total value of the transactions for WWL exceeds

USD 200 million.

"The two investments position Wallenius Wilhelmsen

Logistics as a leading provider of vehicle processing

for automotive manufacturers. Based on current

activity level and a 50% ownership in WWL, we expect

the new entities to contribute with approximately USD

10 million to WWASA's operating profit," says Wang.

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