DIF and Aberdeen Standard Investments to acquire UNITANK.

ASI and DIF agreed to acquire 100% of UNITANK, a market leading independent and neutral infrastructure and services provider storing liquid oil products, from the family owners, with ASI and DIF each acquiring a 50% stake. The transaction is conditional on European Commission merger clearance. The acquisition provides DIF and ASI with a strong and differentiated platform in the German liquid bulk storage and throughput market. Its flexible business model, high-quality and state-of-the-art asset base, and operational excellence positions the company well for the future. The consortium will continue to back the company’s long-term and successful strategy for the business. Willem Jansonius – Partner and Head of Core Infrastructure at DIF: “We firmly believe in the strategy as set by the current shareholder and management team. We are impressed with the commercial re-positioning of the business and its importance in providing essential services in its clients’ supply chains. We appreciate the well-invested asset base and the resulting high standards of operational excellence, which are essential to UNITANK’s current and future positioning.”