DFDS says the acquisition is aligned with its strategy to develop and expand the transport network focused on moving goods in trailers by ferry, road & rail as well as moving passengers.
The company adds that the region’s organic market growth is expected to continue to exceed growth levels in northern Europe underpinned by nearshoring of manufacturing supply chains closer to end markets in Europe.
In addition to this, DFDS believes that the integration of FRS Iberia/Maroc is expected to bring operating benefits, including tonnage allocation and benefits from application of business model insights from existing freight ferry routes and the combined freight and passenger Channel short-sea routes.
Commenting on the deal, Torben Carlsen, CEO of DFDS, said:
“We are excited to expand our network to one of Europe’s significant ferry markets that we expect will continue to show high growth underpinned by the ongoing nearshoring of supply chains to Europe.”
Mathieu Girardin, Head of DFDS’ Ferry Division and EVP, added:
“This is a great opportunity to scale DFDS’ business model. We will apply our capabilities and experience, not least from the Channel short-sea market, to further develop the Strait of Gibraltar ferry infrastructure while supporting regional tourism and trade.”
Götz Becker, CEO FRS Group, commented:
“FRS Iberia/Maroc has achieved great success for more than two decades. We are pleased to have found a partner in DFDS who will run the company in a proven manner to ensure its continued growth and take good care of our employees.”