Oiltanking GmbH is buying 100 percent of the shares of Vopak Chemicals Logistics Finland Oy, comprising two terminals for storage and handling of bulk chemicals and petroleum products.
The transaction will more than triple Oiltanking’s capacity in Finland.
The two terminals, with a combined capacity of 175,400 cbm are located in Kotka and Hamina, Finland’s south east (Baltic) coast. Oiltanking already owns and operates a terminal in this area under the name Oiltanking Sonmarin Oy, with a total storage capacity of 81,700 cbm.
After the acquisition, the terminals of both companies will be consolidated into one company under the name of Oiltanking Finland Oy.
Following the acquisition, the total capacity of Oiltanking Finland terminals will increase to 257,100 cbm with 75 tanks in various sizes from 500 to 10,000 cbm. The terminals in Kotka are connected to two jetties (10m and 13.5m draft) in Kotka and two others (9m and 10m) in Hamina. All products can be received and loaded out by sea, tank containers, railtank cars and trucks.