WW Solutions expands logistics network with US acquisition
Wallenius Wilhelmsen Solutions has signed an agreement to acquire 100% of the shares in Keen Transport, Inc. from Platinum Equity.
The combined company will become the global leader in rolling equipment processing and transportation, with unmatched skills and capabilities to support OEM logistics from factory to end-user.
A value-add operation
Keen operates 14 Equipment Processing Centres (EPC’s) and a specialty trucking entity in the USA. With its 450 employees, Keen provides value-added facility services, equipment modification, transportation and load consolidation for various Original Equipment Manufacturers (OEMs) in the US.
Established in 1968 and headquartered in Carlisle, Pennsylvania, Keen operates a total of 14 logistics facilities across the US. The facilities are located onsite or close to OEM factories to enable Keen to support customer plants as needed.
Diverse range of services
Final assembly is currently performed for several OEMs at seven Keen facilities. Touch-up and complete machine painting to OEM standards are performed at the Carlisle, PA; League City, TX; and Savannah, GA facilities.
The port facilities allow manufacturers to store and customise equipment for end users closer to market. Keen also offers transportation services for their customers across the USA with their fleet of 143 trucks and 390 trailers.
Close customer relationships
Keen’s customer relationships are the result of decades of continuous service, with a median relationship length of more than 23 years for the top OEM customers. Many of Keen’s main customers utilise WW Solutions services in various places around the globe today.
"With Keen as part of our Group we will become the clear market leader in the US Equipment Processing space, positioning ourselves for the forecasted growth in this segment," says Craig Jasienski, President and CEO of Wallenius Wilhelmsen group.
The acquisition is a strong fit strategically and operationally, yielding significant opportunities to further develop business with these important customers. The increased footprint represents a unique opportunity to capitalise on the improving fundamentals of the mining and construction sector in the US.