29 Jun 2020
Jumbo and SAL Intend to Form Joint Venture
It has been aanounced this morning that SAL, the German-based breakbulk and project cargo specialist, and Jumbo, the Dutch maritime heavy lift transport and installation contractor, have announced their intention to form a joint venture.
Combining a large part of their fleets, engineering and commercial activities serves the goal of sustainable transport capacity and growth. The Jumbo-SAL-Alliance would be focused on gaining logistical efficiencies, such as joint fleet operations, and benefits for its customers, such as increased flexibility and offering customers worldwide a carefree logistics solution for both breakbulk and outsized cargoes.
The joint venture is subject to clearance by the German competition authority (‘Bundeskartellamt’) and Dutch in-company legal requirements. With the aim of obtaining formal approval, both companies have started the necessary procedures.
Source Jumbo and SAL
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