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H Essers expands multimodal capability with acquisition of Tank Management

Logistics service provider H.Essers announces 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, their 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.

The Tank Management family business was founded in Oslo in 2006 and has evolved into a European specialist in the temperature-controlled transport of liquid loads, mainly organised by rail, apart from shortsea and road. The company is a multimodal player, with offices in Oslo, Le Havre, Milan and Rotterdam.

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

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.

Huktra, a family business based in Zeebrugge and specialising in multimodal transport of liquid chemicals, had branches in Belgium, the UK, Spain, Italy and Romania. The takeover of Tank Management has added France, the Netherlands and Scandinavia.
With this takeover, there will be an even stronger focus on temperature controlled liquids transport for the chemical industry. Tank Management provides heated and cooled transport of liquid pharma goods and food products.

“After the substantial growth Tank Management has recorded in recent years, it is now time for the next step,” said the families Nordbo & Philippe, owners of the Norwegian-French company. “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.”

H.Essers’ CEO, Gert Bervoets, also has strong confidence in the future. “The acquisition of Tank Management fits into our strategy of sustainable development of synchromodality within the chemical segment.

“It’s a win-win situation for all parties: customers, logistics service providers and our community.

“Tank Management is a family business that shares our values. As is the case in our company, safety and quality are paramount.”

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
November 12, 2020


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