Adani Ports Makes Major Push Into Europe With $2.9 Billion Evos Acquisition

India’s Adani Ports and Special Economic Zone (APSEZ) has agreed to acquire Netherlands-based liquid storage operator Evos B.V. in a €2.56 billion ($2.88 billion) deal that will give the company a major foothold in Europe’s energy and fuel storage market.

The agreement, announced Thursday, will see Adani acquire 100% of Evos from Igneo Infrastructure Partners.

Evos is Europe’s second-largest independent liquid storage operator, with eight port-based terminals across the Netherlands, Germany, Spain, Belgium and Malta.

Its facilities have a combined storage capacity of 6.3 million cubic meters across 452 tanks, supported by 63 vessel and barge berths and extensive pipeline connections. The terminals are located in major European energy hubs, including the Amsterdam-Rotterdam-Antwerp region, Hamburg and the Mediterranean.

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