Mitsui & Co. and Mitsui O.S.K. Lines Acquire Port of Nigg Assets from Global Energy Holdings.

Mitsui & Co. Europe Ltd and Mitsui O.S.K. Lines have completed the acquisition of Port Of Nigg, Global Energy Fabrication, and Global Energy Services from Global Energy Holdings Ltd. Mitsui holds a 51% stake, while Mitsui O.S.K. Lines holds a 49% stake in the acquired entities. The European Commission approved the transaction on June 27, 2025. The acquisition was completed on July 31, 2025.

Mitsui & Co. Europe Ltd and Mitsui O.S.K. Lines have completed the acquisition of Port of Nigg, Global Energy Fabrication, and Global Energy Services from Global Energy Holdings Ltd. The transaction, which received approval from the European Commission on June 27, 2025, was finalized on July 31, 2025 [2].

Under the terms of the agreement, Mitsui will hold a 51% stake in the acquired entities, while Mitsui O.S.K. Lines will own 49% [2]. The acquisition builds upon a longstanding relationship between Mitsui and Global Energy Group (GEG), with Mitsui initially investing in GEG in 2012 [1]. The deal marks a significant milestone in Mitsui's international expansion and its commitment to Scotland's energy transition infrastructure.

The Port of Nigg, located in Scotland, is a strategic facility for both the offshore wind and oil and gas sectors. Mitsui and Mitsui O.S.K. Lines plan to invest significantly in expanding quayside infrastructure and manufacturing capacity to meet the growing demand from these sectors [1]. The new owners aim to build on the strong foundation established by GEG, which will continue to provide port-based project services through its retained businesses, including Global Port Services, Global Crane Services, and Global Wind Projects [1].

Roy MacGregor, Chairman of Global Energy Group, expressed his pride in passing the baton at the Port of Nigg and commended Mitsui as the right custodian for the facility. He believes that under Mitsui's guidance, the port will continue to grow and provide long-term, secure employment opportunities [1].

Makoto Takasugi, Chief Operating Officer of Mitsui’s Iron & Steel Products Business Unit, highlighted the impressive growth of Global Energy Group and the strategic importance of Nigg in the UK’s energy industry. He emphasized the company's commitment to carrying forward the legacy and growing its role in energy transformation across Scotland, the UK, and Europe [1].

Masayuki Sugiyama, Managing Executive Officer of Mitsui O.S.K. Lines, underscored the port's indispensable role in the UK’s energy transition, particularly in offshore wind. He expressed his commitment to leveraging Mitsui's expertise in maritime operations to contribute to the long-term development of the Highlands and accelerate a more sustainable future [1].

The acquisition represents Mitsui's first major investment in a Scottish port facility and reinforces its ambition to be a key player in Europe's low-carbon energy transition. The Tokyo-headquartered group operates in over 60 countries and employs more than 56,000 people worldwide [1].

References:
[1] https://renews.biz/102150/mitsui-acquires-port-of-nigg/
[2] https://www.marketscreener.com/news/mitsui-co-europe-ltd-and-mitsui-o-s-k-lines-ltd-completed-the-acquisition-of-port-of-nigg-limi-ce7c5fddde80f221