Displaying items by tag: Acquire Haulier

7th October 2022

Ferry Giant DFDS Completes Acquisition of Irish Transport Logistics Firm

As Afloat reported in July, the ferry giant DFDS had entered an agreement with Lucey Transport Logistics, Ltd to acquire the company, strengthening DFDS’ logistics offerings in Ireland. On 30 September, the companies completed the acquisition.

“We are excited about the integration of Lucey Transport Logistics into DFDS and to welcome our new colleagues into the DFDS Group,” says Niklas Andersson, EVP and Head of DFDS Logistics.

“The strategic fit between DFDS and Lucey means we will be the leading asset-based logistics provider on the Island of Ireland. With the acquisition, we are creating a full platform of services for customers and connecting them to the expansive DFDS network spanning 21 countries in Europe and Turkey.”

The acquisition is part of DFDS’ growth strategy to develop and expand its network and continue to offer improved solutions to customers.

By combining Lucey’s domestic offering with DFDS’ European route network, the Danish ferry and logistics company will be able to offer Lucey’s existing customers from the FMCG and packaging sectors access to international transport services in an increasingly competitive transportation and logistics market.

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About the Loughs Agency

The Loughs Agency is a governmental body established under the 1998 Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Ireland. The Agency's goal is to provide sustainable social, economic, and environmental benefits by effectively conserving, managing, promoting, and developing the fisheries and marine resources of the Foyle and Carlingford areas.

The Agency's governing legislation confers several specific functions, including the promotion of development of Lough Foyle and Carlingford Lough for commercial and recreational purposes in respect of marine, fishery, and aquaculture matters. Moreover, the Agency is responsible for managing, conserving, protecting, improving, and developing the inland fisheries of the Foyle and Carlingford areas. Additionally, the Agency has the task of developing and licensing aquaculture, as well as the development of marine tourism.

The Loughs Agency reports to the North South Ministerial Council and its government Sponsor Departments, the Department of Agriculture, Environment and Rural Affairs (DAERA) in Northern Ireland, and the Department of the Environment, Climate, and Communications (DECC) in Ireland. The Departments fund the Agency on an equal basis.

The Loughs Agency's focus on sustainable development is expected to have a positive impact on the economy, environment, and local communities in the Foyle and Carlingford areas. The Agency's efforts to conserve and enhance the region's marine resources, including fisheries and aquaculture, are expected to benefit local communities, promote tourism, and contribute to economic growth.

In conclusion, the Loughs Agency plays a vital role in promoting the sustainable social, economic, and environmental development of the Foyle and Carlingford areas. Its work on marine conservation and development is crucial in ensuring the long-term viability of the region's natural resources and in promoting sustainable economic growth.