Hapag-Lloyd has entered into an agreement with Spinelli Group to acquire a minority stake in the Italian logistics company.
The German container liner-shipping company said it will acquire 49% of Spinelli Group from existing shareholders, while the Spinelli family will continue to hold the majority stake of 51%.
"The parties have agreed to not disclose any financial details of the deal," Hapag-Lloyd said in a statement.
The completion of the transaction is subject to the approval of the responsible antitrust authorities, which is expected within the next months, the shipping line added.
The Spinelli Group offers services throughout the entire logistics chain of containers to the shipping lines including port terminal services, multimodal transport solutions, container depots and repairs, warehouses, and customs agent activities.