ZEABORN Group Takes Over ER Schiffahrt

(Image Courtesy: ZEABORN)

The ZEABORN Group acquired 100 per cent of the business shares in E.R. Schiffahrt GmbH & Cie. KG (E.R. Schiffahrt). With retrospective effect from January 1, 2018, E.R. Schiffahrt’s management, staff and subsidiaries, including the shipbroker Harper Petersen & Co., will be integrated into ZEABORN Group. The relevant contracts were signed by the transaction parties on February 1, 2018.

With the takeover of E.R. Schiffahrt, ZEABORN has strengthened its position as a globally operating shipping company in both line and tramp shipping. The shipping fleet under commercial and technical management has been expanded by 61 container vessels and 20 bulk carriers to more than 165 vessels.

Once E.R. Schiffahrt with all its subsidiaries and the shipbroker Harper Petersen have been integrated, the ZEABORN Group’s employee numbers will be approximately 360 staff on shore and more than 5,000 staff at sea.

“With this fleet expansion, we can further improve both quality and quantity of our products and services. Our approach remains the same: we are an integrated shipping company that is open for partnerships and acquisitions. Going forward, we will continue to drive further growth thanks to our clear organisational structure, for example through the rapid integration of additional tonnage and businesses”, said Ove Meyer and Jan-Hendrik Többe, the ZEABORN Group’s Managing Partners.

“The consolidation in the German ship management sector has long been overdue and ZEABORN is pursuing a dynamic growth strategy. E.R. Schiffahrt is a profitable company that is extremely well managed. Combined with ZEABORN’s existing activities, the company will now reach the critical size that is necessary to successfully compete on a global scale”, said Jochen Klösges, CEO of E.R. Capital Holding, in reference to the transaction.

Sea News, February 9