Clarkson PLC Clarkson acquires Martankers I, S.L. (5196D)

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RNS Number : 5196D

Clarkson PLC

20 February 2020

20 February 2020

Clarkson PLC acquires Spanish shipbroking company Martankers I, S.L.

Clarkson PLC ("Clarksons") is pleased to announce that Clarkson Overseas Shipbroking Ltd (a wholly owned subsidiary) has acquired 100% of the issued share capital of Martankers I, S.L. ("Martankers") of Madrid, Spain.

Founded in 1989, Martankers is an independent and well-established shipbroking company, with a proven and respected track record in the shipping of bulk chemicals and gases. It has a primary focus on the European markets, but also boasts a considerable global footprint.

Martankers is led by José Antonio Leira and Francisco Pascual who, along with their team, bring a wealth of experience and a broad, long-standing client base. The business will continue to operate from Madrid under the leadership of José Antonio and Francisco and will be integrated within the Specialised Products and Petrochemical Gases divisions, such that Martankers can benefit from the sector leading Clarkson technology, data and research.

Commenting on the transaction, Andi Case, CEO of Clarkson said:

"We believe this accretive acquisition will provide an established opening for Clarksons in Spain and brings enhanced growth opportunities. It will help us gain share in the bulk chemicals and gas markets, strengthening our global market leading position. We are excited to announce this deal, and look forward to working with the experienced team at Martankers, combining forces of expertise to deliver to our clients an enhanced service."

José Antonio Leira and Francisco Pascual, commented:

"Martankers is proud to be joining Clarksons, a company with whom we share the same values and ambitions. We are excited about the opportunity to continue delivering a first-class service to our existing client base whilst taking advantage of future opportunities both locally and globally."

For further information:

Company enquiries:

Andi Case, Chief Executive Officer

Jeff Woyda, Chief Financial Officer and Chief Operating Officer

Tel: [phone]

Camarco:

Billy Clegg

Jennifer Renwick

Tel: [phone] / 4994

About Clarkson PLC

Clarkson PLC is the world's leading provider of integrated shipping services and investment banking capabilities to the shipping and offshore markets, facilitating global trade.

Founded in 1852, Clarksons offers its diverse and growing client base an unrivalled range of shipbroking services, sector research, on-hand logistical support and full investment banking capabilities in all key shipping and offshore sectors.

The Company has delivered 16 years of consecutive dividend growth. The highly cash generative nature of the business, supported by a strong balance sheet, has enabled Clarksons to continue to invest to position the business to capitalise on the upturn in its markets.

Clarksons is listed on the main market of the London Stock Exchange under the ticker CKN and is a member of the FTSE 250 Index.

For more information, visit www.clarksons.com .

About Martankers I, S.L.

Martankers was established in 1989 by Isabel Pons and Arnold des Arts, both of whom had vast experience and an in-depth knowledge of the maritime markets.

Since its creation, Martankers has played a critical role in the Spanish ship brokerage markets, providing a quality service to its clients and gradually extending its activities. In 2014, a year which also marked the company's 25(th) anniversary, Isabel Pons announced her retirement, leaving behind here a legacy of professionalism, honesty and efficiency and handing over the reins to Francisco Pascual and José Antonio Leira.

For more information, visit http://www.martankers.es/en/ .

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February 20, 2020 03:00 ET (08:00 GMT)