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Simon Group has announced plans to invest £25m in the expansion of the Humber Sea Terminal at Killingholme, including a fourth roll-on roll-off berth, with the creation of about 100 jobs.
Simon Group is to set up new terminal and berthing facilities at its Humber Sea Terminal, which will enable United European Car Carriers to import 100,000 cars a year.
Simon Group is to sell Seawheel Holdings, the transportation and distribution services business, to management for a nominal sum.
Simon Group is to sell its tank storage business to private equity firm Patron Capital for £64m, in order to focus on ports and logistics.
Simon Group is to relocate its headquarters from central London to Redhill next year, and has also announced that talks are taking place to sell its ports and logistics business.
Simon is to acquire Forthline, the operator of container services between Grangemouth and Rotterdam, from Forth Ports for £0.3m, and the business will be combined with its Seawheel European network.
Simon Group is looking to expand its port services business with a number of bolt-on acquisitions, and will invest up to £15m on the further development of the Humber Sea Terminal.
Simon Group has sold its Simon-Carves engineering division to SembCorp Industries of Singapore for £12m, and some of the proceeds will be invested in its ports and logistics business.
Simon Group is planning to expand its new £20m ferry terminal at Killingholme, which will involve the development of new warehousing and distribution facilities and the creation of up to 200 jobs.
Simon Group is looking to sell Simon-Carves, its Manchester-based engineering business, and its stake in Robertson Research in order to fund acquisitions and expand its Humber Sea Terminal.
Simon Group is selling its Australian engineering joint venture with Siemens for £3.4m, and is looking to acquire port services companies in France, Spain and Germany.
Simon has acquired Seawheel Holdings, the provider of cargo transportation services, for up to £14m.
Simon, the port services and shipping group, is considering plans to build a £20m roll-on roll-off ferry port on the Humber near Immingham, which could create hundreds of jobs.
Simon Engineering has sold the industrial arm of its Access division to Terex of the US for £55m, in order to reduce debt.
Simon Engineering has sold SPT, Robertson Research Australia and Robertson Research International, as well as stakes in two Indonesian joint ventures, to Robertson Research Holdings, a company 49.9% owned by Simon Engineering Finance.