Photo: AI-generated illustration of a liquid-storage terminal at a port
Adani Ports and Special Economic Zone Limited said on 5 November 2026 that it had agreed to acquire Dutch liquid-storage operator Evos B.V. in a deal with an enterprise value of €2.56 billion. If completed, the acquisition would give the Ahmedabad-based company control of a liquid-storage terminal in the Port of Hamburg, one of eight facilities in the Evos network.
Adani Ports has agreed to buy 100% of Evos from Igneo Infrastructure Partners. The all-cash transaction values Evos’ equity at €1.18 billion and will be funded through debt, according to Adani Ports. Completion is subject to regulatory and other approvals and works council consultation.
What the deal would bring in Hamburg
Evos Hamburg has provided storage and handling services for liquid petroleum products at the port since 1953. The Port of Hamburg lists around 670,000 cubic metres of storage capacity at the terminal, which handles petroleum products, biofuels, lubricants and vegetable oils. Its services also include heating and blending products.
The Hamburg facility accounts for roughly one-tenth of the 6.3 million cubic metres of storage capacity Adani Ports reports for Evos. The €2.56 billion enterprise value applies to the entire Evos group. Adani Ports did not disclose a separate valuation or investment commitment for the Hamburg site.
A wider European expansion
Evos operates port-based terminals in the Netherlands, Germany, Spain, Belgium and Malta. According to Adani Ports, the network handled 37 million tonnes in 2025, and Evos reported €392 million in revenue and €219 million in earnings before interest, taxes, depreciation and amortisation that year.
Karan Adani, Managing Director of Adani Ports, said the proposed acquisition would give the company a presence in major liquid-storage and energy hubs and support its goal of handling one billion tonnes of cargo.
Hamburg’s growing maritime links with India
The proposed acquisition comes as Hamburg’s container trade with India continues to grow. The port handled a record 290,000 twenty-foot equivalent units (TEU) in India-linked container traffic in 2025, up 49.2% year on year. In the first half of 2026, container traffic with India rose 7.2% year on year, while Hamburg’s overall container throughput fell 3.8%. www.hafen-hamburg.de
In February 2026, a delegation led by Dr Melanie Leonhard, Hamburg’s Senator for Economic Affairs, Labour and Innovation, met maritime partners in Chennai and Mumbai. The delegation also held talks with India’s Ministry of Ports, Shipping and Waterways and Invest India in New Delhi. The Port of Hamburg linked the visit to prospects for closer trade ties following the conclusion of India–EU free trade negotiations.
Separately, Maersk and Germany’s Hapag-Lloyd announced on 2 November that their ME1 India–Europe container service would shift to the Suez Canal route. The revised rotation includes Mundra and Nhava Sheva in India and Wilhelmshaven and Hamburg in Germany.
If completed, the Evos deal would give an Indian port operator a foothold in Hamburg’s liquid-storage sector, alongside the port’s established container links with India.
