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Getlink completes acquisition of ChannelPorts Ltd to streamline cross-Channel trade

RECENTLY ACQUIREDApr 11, 2024

Acquiring Company

Getlink

Acquired Company

ChannelPorts Ltd

ParisTransportationTransportation

Description

Getlink (Paris:GET) has announced the acquisition of ChannelPorts Ltd, one of the leading British customs intermediaries, based in Folkestone, Kent. This strategic acquisition aims to simplify cross-Channel trade and offer a unique range of services and support to facilitate the exchanges of goods between Europe and the United Kingdom, in line with the Group’s Low Carbon – High Simplicity strategy.

Quick answer

Getlink is acquiring ChannelPorts Ltd, announced April 11, 2024. Getlink is based in Paris, Ile-de-France, France.

How much did Getlink pay for ChannelPorts Ltd?
The deal value was not disclosed.
What does Getlink do?
Getlink SE (Euronext Paris: GET), through its subsidiary Eurotunnel, is the concession holder until 2086 for the Channel Tunnel infrastructure and operates Truck Shuttles and Passenger Shuttles (cars and coaches)..
Where are Getlink and ChannelPorts Ltd based?
Getlink is based in Paris, Ile-de-France, France.
Who are the decision-makers at Getlink?
Fundz holds 1 contact at Getlink. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Getlink

Location

Paris, Ile-de-France, France

About

Getlink SE (Euronext Paris: GET), through its subsidiary Eurotunnel, is the concession holder until 2086 for the Channel Tunnel infrastructure and operates Truck Shuttles and Passenger Shuttles (cars and coaches) between Folkestone (UK) and Calais (France). Since 31 December 2020 Eurotunnel has been developing the smart border to ensure that the Tunnel remains the fastest, most reliable, easiest and most environmentally friendly way to cross the Channel. Since it opened in 1994, more than 518 million people and 106 million vehicles have travelled through the Channel Tunnel. This unique land link, which carries a quarter of trade between the Continent and the United Kingdom, has become a vital link, reinforced by the ElecLink electricity interconnector installed in the Tunnel, which helps to balance energy needs between France and the United Kingdom. Getlink completes its sustainable mobility services with its rail freight subsidiary Europorte. Committed to "low-carbon" services that control their impact on the environment, Getlink has made the place of people, nature and territories a central concern.

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Frequently asked

Who acquired ChannelPorts Ltd?

ChannelPorts Ltd was acquired by Getlink, based in Paris. The deal was reported on April 11, 2024. Getlink is privately held and operates in Transportation.

When did Getlink acquire ChannelPorts Ltd?

Getlink's acquisition of ChannelPorts Ltd was reported on April 11, 2024. Getlink (Paris:GET) has announced the acquisition of ChannelPorts Ltd, one of the leading British customs intermediaries, based in Folkestone, Kent. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does ChannelPorts Ltd do?

ChannelPorts Ltd is one of the leading British customs intermediaries, established in 1974 and based in Folkestone, Kent. It has 44 employees and a revenue in 2023 of around £10M. It is privately held, operating in Transportation.

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