The union will create the largest Pan-European feederoperator spanning Northern Europe and the Mediterranean, the Danish companysaid in a statement.

Nordic Capital-owned Unifeeder did not reveal the cost of the takeover which isexpected to be completed by the end of October subject to regulatory approvals.

Both companies will continue to trade as separate entitiesthough the merger will provide economies of scale.    

Jesper Kristensen, CEO of Unifeeder, said: “The transactionfits very well with Unifeeder’s strategic ambition to deliver the best feederand shortsea product on the market.