Today, Jumbo and SAL have announced their intention to form a joint venture together.
SAL, the German-based breakbulk and project cargo specialist, and Jumbo, the Dutch maritime heavy lift transport and installation contractor have announced their intention to form a joint venture.
According to Jumbo, combining a large part of their fleets, engineering and commercial activities serves the goal of sustainable transport capacity and growth.
The Jumbo-SAL-Alliance (as the venture will be known,) will focus on gaining logistical efficiencies, such as joint fleet operations, and benefits for its customers, such as increased flexibility and offering customers worldwide a carefree logistics solution for both breakbulk and outsized cargoes.
Both companies have started the necessary procedures with the aim of obtaining formal approval. The joint venture is subject to clearance by the German competition authority (‘Bundeskartellamt’) and Dutch in-company legal requirements.
It is not yet known how much of their company operations and fleets they intend to combine. More to come.