HGK to acquire the European inland shipping business of IPL for $247m.

Hafen und Guterverkehr Koln, a provider of freight forwarding service, agreed to acquire the European inland shipping business of Imperial Logistics, an African and European logistics provider, for $247m. HGK intends to use this strategic investment to expand its inland waterway business unit and to complete the growth segments in chemical and gas shipping. With the acquisition, HGK supplements its operational investment portfolio for logistics and freight transport services relating to rail and waterways. HGK is also expanding its presence at the major seaports along the so-called “ZARA” range.