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- ITG Sàrl completes acquisition of energy infrastructure and storage terminals business and appoints new senior managers to its executive team
ITG Sàrl completes acquisition of energy infrastructure and storage terminals business and appoints new senior managers to its executive team
ITG Sàrl, parent company of Impala Terminals (the “Company” or “ITG”) today announced that the Company has completed the acquisition of energy infrastructure and storage terminals assets from Puma Energy. The transaction includes 19 infrastructure assets located in 10 countries and will expand ITG’s global footprint. Puma Energy will remain a long-term customer of the infrastructure and storage terminals business.
In addition, ITG has strengthened its senior management team to optimize the expanded business from its headquarters in Geneva, Switzerland.
Kevin Nichols will join ITG as Executive Chairman, bringing over 30 years of experience in the energy sector, most recently as CEO of Shell Midstream Partners (SHLX) and EVP of Shell Midstream U.S.
Sjoerd Bazen has been appointed Chief Executive Officer of ITG’s energy infrastructure business. With nearly 18 years of industry experience, Sjoerd brings a wealth of global experience in both operations and commercial areas. He was most recently Managing Director of Vopak’s Singapore business and has previously led their businesses in Brazil, Venezuela and Ecuador.
“Today’s acquisition aligns with ITG’s growth and diversification strategy and the combined business is well positioned to capture the increasing number of energy transition opportunities in today’s evolving energy landscape,” said Kevin Nichols.
ITG will operate two business units: Dry Bulk Infrastructure, Distribution and Logistics, which will continue under the leadership of Nicolas Konialidis, and Energy Infrastructure under the leadership of Sjoerd Bazen.
Notes to editors
About ITG Sàrl
Impala Terminals Group (ITG) Sàrl owns, manages and operates a diversified network of base metals terminal infrastructure in Mexico, Peru and Spain; refined oil products storage and distribution and fluvial operations in Paraguay; multimodal transportation services in sub-Saharan Africa; and a global freight-forwarding business.
For further information visit: www.impalaterminals.com
About Puma Energy
Puma Energy is a leading global energy business, safely providing energy across six continents. Its downstream business segments include fuels, aviation, lubricants, LPG and bitumen. The company has 1,998 retail sites, 27 bitumen terminals and is present at 109 airports. The company’s purpose is energising communities to help drive growth and prosperity by sustainably serving customers’ needs in high potential countries around the world.
For further information visit: www.pumaenergy.com