Supreme Takes Major Share in Seven Seas

Supreme Group (Supreme), a provider of end to end supply chain solutions in challenging environments, has announced completion of the purchase of EMS Seven Seas ASA (EMS).

Supreme Takes Major Share in Seven Seas

Supreme now owns 90.04% of the total outstanding shares in EMS. Supreme will make a mandatory offer to the remaining shareholders in the company in due course.

“By integrating ship supply services to our existing portfolio of supply chain solutions, we are well positioned to serve the evolving needs of both military and commercial clients.

We are prepared to make investments to ensure EMS Seven Seas becomes the global leader in commercial ship supply within three years,” said Theo Reichert, CEO, Supreme Group.

The company has recently restructured to ensure a solid platform for future growth and diversification.

Alongside its Defense and Government Division (DGS), a Commercial Division which will focus on new business opportunities in Africa was formed earlier this year, with a significant acquisition program underway to fast track growth across the region.

“It is our intention to align capability held within EMS with the new structures recently implemented across Supreme.

Hence, Defense and Government services in EMS will be fully integrated with the DGS Division in Supreme whilst the Commercial Shipping Services currently held within EMS will be established as a stand-alone Division within Supreme, operating alongside our DGS and African Commercial Divisions.

By structuring our business around the clients that we serve, Supreme Group can ensure that we continue to develop new services and capabilities which anticipate and deliver to market demands,” said Reichert.

[mappress]
June 23, 2014