Netherlands-based Koole Terminals recently acquired Alkion Terminals, a partnership between infrastructure investor InfraVia Capital Partners and Dutch energy firm Coloured Finches.
Terms of the transaction, expected to close by the end of the year, were not disclosed.
Alkion is a bulk liquid storage operator and consolidation platform in Western Europe focused on chemicals and biofuels. It operates nine terminals in five major European economies: France, Portugal, Spain, Italy, and the Netherlands. Alkion currently is managing 1.2 million cubic meters of capacity, with “significant” additional organic growth planned in biofuel and chemical products storage across its locations, the company said.
“This is a significant milestone in the journey of Alkion and is welcome news for everyone in the Alkion leadership team,” said Rutger van Thiel, CEO of Alkion and partner at Coloured Finches. “Alkion will be joining a European leader in our industry, which will ensure continuity of service to our customers in our nine terminals and an exciting work environment for our teams.
“Under Koole ownership, Alkion will continue investing significantly in our locations, in particular toward providing flexible storage solutions for our industrial clients and the energy transition, and maintaining a high-performing asset base from a health and safety perspective.”
InfraVia partner Athanasios Zoulovits highlighted Alkion’s growth over the last six years, and predicted further expansion under Koole.
“Alkion has grown from one storage terminal in Amsterdam into one of the reference petrochemical storage providers in Western Europe, with 1.2 million cubic meters of storage capacity and an incredible team of over 350 professionals in five countries,” he said. “We are convinced that as part of Koole Terminals, Alkion, its clients, and its people will continue this incredible journey of growth and excellence in bulk liquid storage.”
Added John Kraakman, CEO of Koole: “This transaction will expand Koole’s position in storing chemicals and biofuels products by gaining the experience of a European leader in these market segments. It is also in line with Koole’s strategy of diversification in providing supply chain-integrated solutions to its customers to facilitate the transition to a low-carbon future.
“Furthermore, the acquisition will continue the company’s international expansion and further cements its role as a leading European liquid bulk storage platform.”