The acquisition of Mexico Natie Group by Katoen Natie nv has been given the green light by the Belgian Competition Authority (BMA). The takeover had previously been announced by both companies.
In a joint press release in September 2022, Katoen Natie and Mexico Natie had announced a binding agreement for the acquisition of 100% of the shares of Mexico Natie and subsidiaries, by Katoen Natie nv.
The takeover was through a simplified procedure and the BMA saw no reason for opposition. With the takeover of Mexico Natie, Katoen Natie nv now has, among other things, an additional concession at the Bevrijdingsdok. The quays had been given in concession to Seaport Terminals, part of Katoen Natie, when the then Delwaide dock was opened. Katoen Natie also took over neighbour Allied Stevedores at the time.
Mexico Nation
Mexico Natie was founded in 1871 as a nation specialising in timber handling and has grown into an integrated, logistics company providing both stowage, storage, transport and ancillary services to its clients. Mexico Natie achieved a turnover of 65 million euros last year with 150 employees.
