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H Essers expands multimodal capability with acquisition of Tank Management

Logistics service provider H Essers has announced the acquisition of the Norwegian-French company Tank Management, more than two years after acquiring tank container specialist Huktra.
Tank Management specialises in multimodal transport services of liquid chemicals. With branches in Oslo, Le Havre, Milan and Rotterdam, its geographic coverage complements Huktra’s European presence.

The further development of multimodal liquid bulk transport fits in H.Essers’ strategy of delivering integrated and sustainable logistics solutions to the hazardous chemical goods industry.
Tank Management has a turnover of €40m, with 35 employees. Its fleet consists of 800 modern ISO tanks capable of transporting liquids at different temperatures with a range going from -10° to +120°C.
As with Huktra, all units are equipped with real-time track & trace. The temperature inside Tank Management’s fleet can be remotely monitored and controlled.
The development of liquid chemical bulk transport is part of the long-term strategic plan of logistics service provider H.Essers. The company provides integrated logistics solutions to the chemical hazardous goods industry.
Nordbo & Philippe, owners of Tank Management, said: “Thanks to the acquisition by a strong industrial player such as H Essers, Tank Management will continue to excel in service, to grow and to expand its expertise.”
The takeover was completed at the beginning of July. The Tank Management directors will remain on board, as was the case with the Huktra takeover. The focus in the first phase is on integration and consolidation , specifically for conditioned liquids transport for the chemical industry. This entity represents a turnover of €100m and a fleet of 2,000 ISO tanks.
It is a full takeover. No further financial details will be disclosed. Future acquisitions are not being ruled out
February 17, 2021


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