Amsterdam, July 29, 2022
Alkion is a leading bulk liquid storage operator and consolidation platform in Western Europe focusing on chemicals and biofuels. It operates nine terminals in five major European economies: France, Portugal, Spain, Italy and the Netherlands. Alkion is currently managing 1.2 million cubic meters of capacity with significant additional organic growth planned in biofuel and chemical products storage across its locations.
Rutger van Thiel, CEO of Alkion and Partner at Coloured Finches commented “This is a significant milestone in the journey of Alkion and is welcome news for everyone in the Alkion leadership team. Alkion will be joining a European leader in our industry, which will ensure continuity of service to our customers in our 9 terminals and an exciting work environment for our teams. Under Koole ownership Alkion will continue investing significantly in our locations in particular towards 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”.
Athanasios Zoulovits, Partner of InfraVia said “We have been extremely pleased to accompany Alkion from its inception in partnership with Coloured Finches over the past 6 years. Alkion has grown from 1 storage terminal in Amsterdam into one of the reference petrochemical storage providers in Western Europe, with 1.2 million cbm of storage capacity and an incredible team of over 350 professionals in 5 countries. 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.”
John Kraakman, CEO of Koole commented “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.”
The terms of the transaction are not disclosed and the closing of the transaction is subject to the receipt of customary approvals. Closing is expected by year end 2022.
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