Wallenius Wilhelmsen completes Armacup acquisition

Wallenius Wilhelmsen has finalized the acquisition of the remaining shares in Armacup, taking its ownership from 65 percent to 100 percent. The deal closed on April 30, 2025, completing a phased buyout process originally agreed upon in 2022.

According to Xavier Leroi, Chairman of the Board at Armacup and COO Shipping Services at Wallenius Wilhelmsen, the transaction is expected to enhance synergies between the two companies and tap into emerging opportunities across the region.

“This acquisition will further enhance the synergies between Wallenius Wilhelmsen and Armacup. It is a strategic move that will also bring growth opportunities in the Asia-Oceania trade through Wallenius Wilhelmsen’s market-leading capacity and our existing investment in integrated logistics offerings in Australia,” said Leroi.