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