Supreme Group completes acquisition of EMS Seven Seas
by ASC Staff on Jun 22, 2014
Supreme Group (Supreme), provider of end-to-end supply chain solutions in challenging environments, last week announced completion of the purchase of EMS Seven Seas ASA.
Family-owned Supreme now owns 90.04 percent of the total outstanding shares in EMS and will make a mandatory offer to the remaining shareholders in the company in due course.
“We are excited to announce completion of the acquisition of EMS Seven Seas, which is a great company with strong brand loyalty,” said Theo Reichert, CEO, Supreme Group.
“By integrating ship supply services to our existing portfolio of supply chain solutions, we are well positioned to serve the evolving needs of both military and commercial clients.
“We are prepared to make investments to ensure EMS Seven Seas becomes the global leader in commercial ship supply within three years, and we look forward to working closely with their teams around the world to make this happen, merging our organisations to leverage operational synergies to their fullest potential.”
Toril Eidesvik, CEO of EMS Seven Seas ASA, added “This is a strong strategic match that is designed to create value for clients by leveraging synergies in supply chain capabilities and geographic reach.”
Following provision of extensive support to NATO and ISAF in the Balkans, Africa and Afghanistan, Dubai-based Supreme has recently restructured to ensure a solid platform for future growth and diversification. Alongside its Defense and Government Division (“DGS”), a Commercial Division focusing on new business opportunities in Africa was formed earlier this year, with a significant acquisition programme underway to fast track growth across the region.
Reichert commented: “It is our intention to align capability held within EMS with the new structures recently implemented across Supreme…Defense and Government services in EMS will be fully integrated with the DGS Division in Supreme whilst the Commercial Shipping Services currently held within EMS will be established as a stand-alone Division within Supreme, operating alongside our DGS and African Commercial Divisions.”e global supply chain industry”.