Adani Ports Enters Europe with €2.56 Billion Evos Acquisition

Adani Ports and Special Economic Zone Limited (APSEZ) has agreed to acquire Netherlands-headquartered Evos B.V. from Igneo Infrastructure Partners in a deal valued at €2.56 billion ($2.87 billion). The acquisition marks a definitive entry into the European market for India’s largest port operator as it seeks to transform into a global integrated transport platform.

Evos is Europe’s second-largest independent liquid storage operator, managing 6.3 million cubic meters of capacity across eight terminals in the Netherlands, Germany, Spain, Belgium, and Malta. The deal includes 452 tanks and 63 vessel and barge berths, providing Adani with immediate scale in the Amsterdam-Rotterdam-Antwerp (ARA) region and the Mediterranean.

Strategic Pivot to Liquid Logistics

The acquisition represents a significant diversification of Adani’s international portfolio, which has previously been concentrated in Israel, Tanzania, Sri Lanka, and Australia. By securing a dominant position in European liquid storage, APSEZ is positioning itself to manage the flow of both conventional marine fuels and the emerging transition fuel mix.

Evos currently handles gasoline, gasoil, and jet fuel alongside sustainable aviation fuel (SAF), biofuels, methanol, and bioethanol. This dual-track capability allows Adani to capture value from current fossil fuel demand while securing the infrastructure necessary to facilitate Europe’s shift toward low-carbon energy carriers.

Infrastructure Integration and Connectivity

Beyond simple storage, the Evos platform offers deep integration into European industrial supply chains. The assets include critical pipeline connections to Schiphol Airport and the Central Europe Pipeline System (CEPS). This connectivity elevates the acquisition from a port-terminal play to a midstream logistics investment, giving Adani control over the final-mile delivery of energy products to major European hubs.

The move follows Adani’s unsuccessful attempt to acquire Associated British Ports earlier this month. By pivoting to Evos, the company has secured a footprint in ten countries and 28 ports, moving closer to its stated goal of handling one billion tons of annual cargo throughput.

Evos reported 2025 revenues of €392 million and an EBITDA of €219 million, based on a throughput of 37 million metric tons. The company maintains an investment-grade rating, providing a stable financial foundation for Adani’s continued expansion into the European energy and industrial landscape.

Source: The Maritime Executive