Wilhelmsen acquires Unitor

Wilh. Wilhelmsen ASA (WW) has reached agreement on acquiring 90.4% of the shares in Norway?s Unitor group. This acquisition accords with WW?s strategy of developing its Wilhelmsen Maritime Services(WMS) subsidiary into a leading global player in the maritime services sector.

The deal has been concluded with Unitor?s principal shareholders, Umoe Industri AS, the Norwegian National Insurance Scheme Fund and Odin Forvaltning. Their holdings corresponds to 90.4% of the outstanding shares in the company, and the agreed price is NOK 73.50 per share. This deal allows WW to secure the rest of the Unitor shares. The total purchase price for all the stock will be just over NOK 1.4 billion. The acquisition can be finalised once the necessary approvals are secured from the competition authorities in countries where Unitor and the WW group have activities of some size.