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RAZON-LED International Container Terminal Services, Inc. (ICTSI) has accomplished the acquisition of Brazil-based general and bonded warehousing and multimodal logistics company Companhia Regional de Armaz\u00e9ns Gerais e Entreposto Aduaneira (CRAGEA) through its unit IRB Holdings Ltda., expanding its logistics business in Brazil.<\/span><\/p>\n In a regulatory filing on Thursday, the listed port operator said all conditions precedent to the transaction, including regulatory approvals, had been satisfied, allowing the acquisition to shut.<\/p>\n \u201cThe transaction represents an expansion of ICTSI\u2019s business activities in Brazil offering differentiated and strategic solutions to extend operational and energy efficiency through using the rail as the popular transport mode, mitigation of logistical bottlenecks, expanding the hinterland of its port assets and offering secure and modern alternatives for foreign trade customers,\u201d the corporate said.<\/span><\/p>\n ICTSI said the full consideration for the transaction is lower than 10% of its total consolidated shareholders\u2019 equity as of Dec. 31, 2025, and March 31, 2026.<\/span><\/p>\n \u201cThe transaction shouldn’t be deemed to have a cloth impact on the Company\u2019s financials within the immediate future,\u201d the corporate said.<\/p>\n In June, ICTSI said its Rio Brasil Terminal (RBT) received two latest quay cranes, increasing the terminal\u2019s capability to handle larger vessels and support growing trade volumes.<\/p>\n The modernization program also includes the expansion and integration of storage yards, reorganization of operational areas, and the adoption of advanced technologies and automation.<\/span><\/p>\n Upon completion, the expansion and modernization program is anticipated to extend RBT\u2019s annual capability to 750,000 twenty-foot equivalent units (TEUs) and strengthen the port\u2019s position as a logistics hub serving Brazil\u2019s southwest and midwest regions.<\/p>\n RBT operates Container Terminal 1 on the Port of Rio de Janeiro, serving import, export, and industrial oil and gas hubs in Brazil.<\/span><\/p>\n ICTSI operates port facilities across the Asia-Pacific, the Americas, Europe, the Middle East, and Africa.<\/span><\/p>\n For the primary quarter, ICTSI\u2019s attributable net income rose 22.56% to $293.57 million, driven by higher container volumes and contributions from latest terminals.<\/span><\/p>\n ICTSI shares rose P21.50, or 2.26%, to P971.50 apiece on Thursday. \u2014 Ashley Erika O. Jose<\/b><\/span><\/p>\n<\/p><\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" ICTSI.COM RAZON-LED International Container Terminal Services, Inc. (ICTSI) has accomplished the acquisition of Brazil-based general and bonded warehousing and multimodal logistics company Companhia Regional de Armaz\u00e9ns Gerais e Entreposto Aduaneira (CRAGEA) through its unit IRB Holdings Ltda., expanding its logistics business in Brazil. In a regulatory filing on Thursday, the listed port operator said all […]<\/p>\n","protected":false},"author":1,"featured_media":364496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[3662,9623,15571,21245,97],"class_list":["post-364495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-acquisition","tag-brazil","tag-completes","tag-ictsi","tag-logistics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t