Home GCCAutomotive MSC acquires Gram Car Carriers, expanding reach in car transportation market

MSC acquires Gram Car Carriers, expanding reach in car transportation market

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SAS Shipping Agencies Services Sàrl, a subsidiary of MSC Mediterranean Shipping Company — the world’s largest container shipping company, has taken a majority stake in Norwegian transportation company Gram Car Carriers (GCC).

Illustration. Source: Gram Car Carriers

Following the acquisition, the MSC subsidiary will own almost 97% of the share capital and voting rights of GCC.

In late April 2024, the board of directors of GCC said that an agreement was reached with SAS for the launch of a voluntary cash tender offer to…



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