- GES sold its Rotterdam terminal with 212,000 m³ of tank storage and 18 hectares of land.
- The buyer, Tepsa, is a European bulk liquid and gas storage operator.
- GES aims to expand in Asia, focusing on Port Klang, Malaysia.
- Financial terms of the transaction were not disclosed.
Transaction Overview
Global Energy Storage Group (GES) has completed the sale of its terminal in the Port of Rotterdam. The facility includes 212,000 m³ of tank storage and 18 hectares of development land in the Europoort area. The buyer, Tepsa, is a European bulk liquid and gas storage operator.
Strategic Focus
This sale marks a significant step for GES as it shifts its focus towards expanding in the Asian market. The company is particularly concentrating on its strategic terminal at Port Klang, Malaysia. This move aligns with GES's growth strategy, which is anchored in the rising demand for bulk liquid storage in Asia, including chemicals, biofuels, and new energy products.
Financial Details
While the transaction delivers a strong return for GES’s shareholders, the financial terms of the deal have not been disclosed. The sale of the Rotterdam terminal means GES no longer holds assets in the Netherlands.
Future Plans
GES is backed by investors Bluewater and White Deer, who have played a crucial role in supporting the company's development and long-term vision. With the sale, GES is now fully focused on growing its business in Asia, with Port Klang at the center of its strategy.
