Sweden-based Wallenius Lines has entered into an agreement to acquire SOL Group’s shares in Wallenius SOL, thereby becoming the sole owner of the company.

The transaction does not entail any changes to Wallenius SOL’s operational activities, strategic direction or offering.

The company will continue to be run by the same management and organisation and will proceed according to the long-term plan Blueprint 2030.

The completion of the transaction is subject to approval by the Swedish Competition Authority and the Inspectorate of Strategic Products (ISP).

“Becoming the sole owner gives us the opportunity to take a holistic approach to the continued development of Wallenius SOL. The company is an important enabler for industry, infrastructure and societal preparedness, and the new ownership structure provides stability, clarity and long-term perspective for the organisation, customers and partners alike,” said Erik Nøklebye, chief executive officer of Wallenius Lines.

Wallenius Lines, part of the Soya Group and fully owned by Rederi AB Soya, is an investor and active owner within the global shipping industry, specifically the international car and Ro-Ro segment which has become the trademark for Wallenius.