Lineage has completed the acquisition of Luik Natie, a cold storage and transport service provider located in the Port of Antwerp-Bruges, Belgium.
The acquisition expands the global temperature-controlled warehouse REIT’s presence in Belgium and enhances its current capabilities in the region.
Luik Natie operates a collection of facilities on a single campus spanning more than 61,000 square metres, generating most of its own energy through wind, solar and battery sources. The campus is equipped with advanced freezing and cooling services to keep perishable goods fresh, as well as container storage solutions.
“The strategic location of Luik Natie at the Port of Antwerp-Bruges – the second largest port in Europe – will help to support our current transport and storage services across Belgium and Europe,” said President of Europe at Lineage, Harld Peters. “This acquisition represents a significant step in our ongoing efforts to innovate the global food preservation industry, aiming to maintain the highest quality and safety standards.”
The new campus includes a transportation division and offers freight forwarding services, providing an integrated solution for the full supply chain.
“Lineage’s acquisition of Luik Natie is a strategic move that expands Lineage’s presence in Europe and opens up new opportunities for both companies,” said Managing Director of Luik Natie, Stefaan Verhelst. “By joining forces, we can provide customers with better and more efficient logistics solutions.”
This is Lineage’s first acquisition after its IPO on July 25, 2024, the company said, demonstrating its commitment to supporting global food and retail sectors and leveraging a network that includes more than 480 facilities worldwide.
In other news, Lineage has commenced a US initial public offering, which could be the year’s biggest listing.