The Italian Grimaldi Group, via its associated company AUTOMAR, has acquired a 50-percent share in Calabrian automobile terminal Gioia Tauro. Previously, BLG LOGISTICS operated the terminal alone.
The 320,000-square-meter transshipment area for finished vehicles is Italy's largest automobile terminal. For Michael Blach, Head of the AUTOMOBILE Division of BLG LOGISTICS GROUP AG & Co. KG, the share sale is a sign of confidence: "We're certain of significant growth in automobile transshipment. The Mediterranean region is set to gain in importance as a hub. With the automobile shipping line GRIMALDI at our side, we'll substantially boost activity at the terminal in Gioia Tauro."