Adani Ports acquires Evos for 2.56 billion euros, expands European network

Adani Ports and Special Economic Zone (APSEZ) announced a 2.56 billion euro acquisition of Evos B.V., a Dutch operator of liquid product storage terminals, significantly expanding its European footprint and energy storage capabilities. The transaction, financed through debt with support from Japan's Mitsubishi UFJ Financial Group, will add eight terminals across the Netherlands, Germany, Belgium, Spain, and Malta to APSEZ's portfolio, bringing its total network to 28 ports and terminals across ten countries upon completion.

The Algeciras facility, central to this expansion, represents a critical hub for maritime fuel supply with 403,000 cubic meters of storage capacity, 22 tanks, and infrastructure capable of handling vessels up to 225,000 deadweight tons. This acquisition positions Adani Ports to capture growing demand for alternative fuels, particularly as the port is part of planned biofuel storage expansion coordinated with Peninsula, which will add up to 60,000 cubic meters of biofuel capacity.

For supply chain professionals, this development signals accelerating consolidation in European port infrastructure and heightened strategic focus on energy transition readiness. The acquisition demonstrates how global logistics operators are securing capacity ahead of regulatory shifts toward sustainable fuels and signaling confidence in maritime fuel demand despite energy sector volatility.