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France’s ATIC acquires Gdynia bulk terminal


2011-08-30



ATIC Services, a leading European bulk logistics provider, on 29 August signed an agreement with the Ministry of the Treasury to acquire 100% of shares in Morski Terminal Masowy Gdynia (MTMG), the operator of the marine bulk terminal in Gdynia harbour. The value of the transaction is PLN 60m (approx. €14.4m). MTMG is the fifth subsidiary of ZMPG, the operator of the Gdynia harbour, to be sold to a private investor during the past 10 years.

Janusz Jarosinski, CEO of ZMPG, said he expected transhipment volumes at the terminal to increase following its privatisation. MTMG has undergone a major modernisation in recent years and no further major capital investments are expected, however.

Mr. Jarosinski revealed that the French group has given MTMG’s 220-strong staff a five-year job guarantee, and a bonus of PLN 6,500 or €1,600 (net) per worker.

In 2010 MTMG handled more than 4 million tons of cargo.

Paris-based ATIC Services is present in 11 countries (mainly in Western Europe) and employs around 1,200 people.



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