Contship to Acquire Tarros Group, with Operations Across 31 Ports in 16 Countries
Key Facts
Contship, through its subsidiary Sogemar, has signed an agreement to acquire Tarros Group, in a move aimed at expanding logistics services linking Europe, the Mediterranean and North Africa. Contship announced the agreement, saying the goal is to develop an integrated logistics platform in the Euro-Mediterranean region. The deal covers the entire group, including companies operating in maritime transport, port handling and road transport. The transaction remains subject to approval by the relevant authorities, with closing expected in the fourth quarter of 2026. The financial terms were not disclosed, according to a contemporaneous report by TransportoEuropa.
The agreement covers Tarros and its overseas subsidiaries, as well as terminals and companies involved in transport and maritime and logistics services. The assets cited include Tarros, Terminal del Golfo, Car Box, Compagnia Marittima Servizi and Med Logistics Malta. This structure combines maritime links, port cargo handling and inland transport, the activities underpinning the planned platform. Contship said the deal creates new opportunities on logistics corridors connecting Europe with the Mediterranean and North Africa. That means a broader geographic reach and services across interconnected parts of the transport chain, in line with the company’s description of the group’s assets and strategic aim.
The operational rationale for the deal rests on combining Tarros’s services with Sogemar’s multimodal network and Contship Group’s terminals in Italy, Egypt and Morocco. Contship Chief Executive Matteo Gaslini said the combination would broaden the group’s offering and strengthen links in both directions between Europe and Africa. Sogemar’s multimodal network extends transport beyond maritime and port services, according to Gaslini. The terminals in the three countries also position logistics links on both sides of trade routes between Europe and North Africa. Gaslini described these elements as “Sogemar’s multimodal network and the group’s terminals in Italy, Egypt and Morocco.”
Alberto Musso, Tarros’s chairman and chief executive, said the agreement brings together operators with complementary characteristics to create a Euro-Mediterranean platform. Musso cited what he called “a strong European identity, on the one hand, and a long-established Mediterranean presence, on the other.” The statement puts the integration of geographic reach at the heart of the deal’s rationale, alongside the combination of transport and service networks identified by Contship. Tarros’s presence across several markets provides a basis for those links: Contship said the group operates in 16 countries and connects 31 ports. Its network reaches more than 500 million people, according to the announcement.
Tarros dates back to 1828, while the company reports 751 employees and 2,700 customers. These figures on its workforce and commercial base offer a picture of the group covered by the agreement, alongside its presence in 16 countries and its network of 31 ports. Contship says that network serves more than 500 million people, placing the deal within an effort to connect maritime, port and land services across the Euro-Mediterranean region. The figures in the company’s announcement combine a long operating history with current scale in terms of employees, customers and reach. The announcement provided no time-series comparison for these indicators or Tarros-specific financial detail.
At the parent-company level, Eurokai reported revenue of 279.173 million euros in 2025, compared with 252.143 million euros in 2024, while annual net profit was 90.099 million euros versus 88 million euros. Its annual report said strong results in 2025 were driven by higher handling volumes, alongside special effects arising from highly dynamic market developments. These figures provide context on the performance of the group to which Contship belongs, but do not specify the financial value of the agreement with Tarros. Earlier data on Tarros in its 2024 sustainability report showed revenue of 168 million euros and EBITDA of 10 million euros for 2023. The report also cited cargo volume of 145 million twenty-foot equivalent units in the same year.
The announcement comes after Eurokai added the Damietta container terminal in Egypt to its regional presence; the terminal began operating in February 2026, according to its half-year report. This places the Egyptian terminal within Contship’s regional network, whose terminals in Italy, Egypt and Morocco Gaslini cited when explaining the combination with Tarros. The announcement gives no estimate of the deal’s impact on revenue or profit and sets no final deadline for completing the approval process beyond the expected closing window. The next step is approval by the relevant authorities ahead of the expected closing in the fourth quarter of 2026. Eurokai is scheduled to publish its third-quarter 2026 update on 11 November 2026, according to its investor relations calendar.