Date: 29th of November 2019
AMT plans to join forces with Medserv and METS to create a leader in energy and oil and gas logistics.
Advanced Maritime Transport S.A. (AMT SA), a Swiss registered Company, and MEDSERV p.l.c., a listed company in Malta have entered into a conditional agreement to combine the two companies.
Once the transaction is successfully concluded, the new entity will have an operational presence in 26 countries on 4 continents. It will bring a workforce of approximately 900 employees and a global network of preferred partners. AMT, Medserv and METS will become the largest Maltese listed company in terms of global presence.
The combined entity will offer 4 core products line, End-2-End Logistics, strong Shore Base Logistics and OCTG (Oil Country Tubular Goods) management. This will develop synergies across the energy and oil and gas supply chain, creating a Unique Selling Proposition (USP). In addition, the group will develop Non-O&G Logistics in key markets.
“Our goal is to further grow our footprint in African Energy and non O&G sectors, to become the undisputed leader in the Mediterranean and Middle East O&G Logistics and be the company of choice for supply chain management of OCTG”, said Michel Dubois, CEO of AMT.
AMT will provide further details on the transaction once the conditions in the agreement are satisfied.