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KPI Bridge Oil, a broker and trader of marine fuel and lubricants, has announced the takeover of Danish firm A/S Trumf Bunker.

As a result, A/S Trumf Bunker becomes a full member of the KPI Bridge Oil Group as of July 1, 2015, and will change its name to KPI Bridge Oil A/S.

Commenting on the news, Carsten Ladekjaer [pictured], CEO of KPI Bridge Oil Group, said: "It has been a long time wish for KPI Bridge Oil to have a representation in Denmark, one of the world's shipping centres. The team of Trumf Bunker is a perfect match for us as they fit well both professionally and culturally with our company DNA. For both our customers as well as our suppliers the takeover will also have a positive effect as we will be supplementing each other with each our geographical strength, network and local expertise. I am delighted to welcome aboard the strong team and I am fully convinced that the benefits we will obtain by a takeover like this will be immense. It brings many new opportunities to the company as well as to all of our valued business partners. I am sure that together we will stand stronger than each on its own and therefore also achieve greater things prospectively."

Kenni Goldenbeck, Managing Director of Trumf Bunker, remarked: "We are very pleased with this merger, as it will bring new and exciting opportunities for the staff of both Trumf and KPI Bridge Oil. This will allow us to continue to build on our physical supply presence in Denmark and the rest of the world and with Trumf's strong presence in the Scandinavian and Northern European region, this merger will furthermore allow the KPI Bridge Oil Group to instantly become a major player in the region. KPI Bridge Oil is a strong brand on the rise and Trumf is fully ready to build on the previous successes and make the KPI Bridge Oil Group even stronger in the years to come to the benefit of our existing and new customers and suppliers."

Image: Carsten Ladekjaer, CEO of KPI Bridge Oil Group.