On 4th July, PGGM announced their collaboration with Olmar for logistics port infrastructure. Olmar (Logistics service provider) and PGGM, a pension investor, have entered into a strategic compact to build an international platform for port infrastructure. The acquisition has to deal with storage and transhipment for port infrastructure of the seaport, near the Finnish city of Pori, it is located on the Gulf of Bothnia.
This collaboration has the ambition aim to be active in various European ports through takeovers in the supply chain, with the logistics processing of raw materials such as minerals, agricultural bulk, ores and forest goods and products. Dry bulk, this list covers general cargo, liquid bulk and container transportation. PGGM has managing interests in the joint venture, the remaining interests are managed through founders of Olmar.
This joint venture is majorly aimed at strategic port infrastructure for logistics in which the investments in automation, digitisation and making progress for sustainable processes as its essential. Next few years, several seaports have to electrify diesel powder equipment to reach the climate needs. Rolling stick, Transhipment crane and forklift trucks require to be exchanged and this shore-based power facility which is emission free for berthed sea, requires to be established.
PGGM aim to focus on extending logistics infrastructure.
Olmar Expanding Logistic Ports
PGGM, the takeover will be focusing at strengthening and expanding logistics infrastructure that companies are processing raw materials and build it more sustainable. Pori port logistics plays a vital role in the supply chain as crucial copper smelters in Europe. Pori port obtains copper ore from several parts of the world.
New owner has directed, that they plan to invest for the long-term in expanding the company and logistics activities in the port of Pori. Olmar founders are Oliver Van Noort and Martijn Snijder, they have been active for several decades in handling global logistics for the advantage of raw material flows.
Olmar managing partner, Martijn Snijder mentions to look forward to handling and developing the port activities further in Pori, jointly with the employees. This port which is located in Pori, multiple cargo flows are tackled that are critical to the energy transition, which includes copper and sustainably harvested forest products or goods. This collaboration with Port authority of pori, will help in sustaining new customers. Olmar and PGGM have set up long-term and permit them to use experience for their strategic customer. It will permit PGGM to create a sustainable return on investment.
PGGM and Olmar Collaborated for port infrastructure.
This latest platform in partnership with Olmar’s highly experienced partners in this specific field, PGGM infrastructure funds, opens a new market with huge potential. The accessibility of long-term capital of customers permits them to build a profitable portfolio of a logistics port infrastructure for raw material, as it is essential to Europe.
These activities include continuous flow of goods and generate stable cash flow. In few years, PGGM want to invest in facilities that contribute to strength economic structure of Europe and investment on Pori port is aligned with their funds’s long-term strategy to develop a diversified portfolio which is stable with sustainable timetable obligatory by Paris Agreement, mentioned by Irina Frolova, PGGM head of infrastructure investments.