Global Energy Storage Group (GES) has announced the completion of the sale of its terminal located in the Port of Rotterdam, Netherlands. The facility, which includes 212,000 m³ of tank storage and approximately 18 hectares of development land in the Europoort area, was sold to Tepsa, a European bulk liquid and gas storage operator.
The transaction represents a key milestone for GES as it continues to focus its resources on expanding its presence in the fast-growing Asian market, with particular emphasis on its strategic terminal at Port Klang, Malaysia. It also ensures that the Rotterdam terminal is passed into the hands of a high-quality follow-on owner, well positioned to take the asset forward. The transaction also delivers a strong return for GES’s shareholders.
Peter Vucins, CEO of GES, comments: ‘Part of the investment cycle is realising value from assets at the right time, and we’re confident this was the right moment for GES. We are now fully focused on growing our business in Asia, with Port Klang at the centre of that strategy. We extend our sincere thanks to the Rotterdam team and our customers for their support and for maintaining a safe, reliable, and forward-looking operation throughout our ownership.’
With the sale of the Rotterdam terminal, GES no longer holds assets in the Netherlands. The company’s growth strategy remains firmly anchored in Asia, where demand for bulk liquid storage, including chemicals, biofuels, and new energy products, continues to rise.
GES is backed by investors Bluewater and White Deer, who have been instrumental in supporting the company’s development and long-term vision. Financial terms of the transaction were not disclosed.
