KPI Bridge Oil acquires Ocean Connect
The Danish KPI Bridge Oil, a global trader and broker in marine fuels and marine lubricants, will acquire the online bunker platform Ocean Connect Marine, hitherto belonging to Glencore.
Subject to regulatory approval, the two companies will merge to form a new brand and entity, KPI Ocean Connect. The merger will create a team of 170 people operating across 15 locations globally.
The new unit will be led by CEO Søren Høll – KPI Bridge Oil’s current CEO: “Our people remain our strongest asset and will play an important role in driving our growth strategy.”
Once the merger is completed, KPI Ocean Connect’s focus will be on successfully integrating both organisations. The companies revealed no financial details of the transaction. (mw)