The proposed all-cash transaction will give Adani Ports ownership of Evos, one of Europe's largest independent liquid storage operators. The acquisition is subject to regulatory and other approvals, as well as consultation with employee representatives. The company said the deal would strengthen its position in important European energy and industrial hubs.
Evos operates eight port-based terminals across the Netherlands, Germany, Spain, Belgium and Malta, with total storage capacity of 6.3 million cubic metres. Its facilities are positioned in major trading and industrial centres, including the Amsterdam-Rotterdam-Antwerp region and Hamburg.
The company handled 37 million metric tonnes of throughput in 2025, generating revenue of €392 million and earnings before interest, tax, depreciation and amortisation of €219 million. Adani Ports said Evos had an average commercial occupancy rate of 99%, supported by long-term customer relationships and contracts that include inflation-linked pricing arrangements.
The acquisition will broaden Adani Ports' exposure to liquid storage and energy logistics. Evos handles conventional products such as gasoline, gasoil, marine fuels and jet fuel, alongside transition fuels including sustainable aviation fuel, biofuels, methanol and bioethanol. The portfolio could provide opportunities as European energy markets adjust to changing fuel requirements.
Adani Ports plans to finance the transaction through debt. The acquisition therefore represents a significant capital commitment, with the company's ability to integrate the business and manage its financing costs likely to be closely monitored by investors. Its shares fell 1.3% following the announcement, according to Reuters.
The deal forms part of the group's wider international expansion, which includes investments in port operations and transshipment infrastructure beyond India. By adding established European terminals, Adani Ports aims to increase the scale of its global network and diversify its sources of revenue.
However, the strategic benefits will depend on successful regulatory approval, integration, and the continued performance of European energy and commodity markets.
The transaction marks a significant step in Adani Ports' ambition to build an integrated international transport platform, while giving the company a larger role in the infrastructure supporting Europe's energy trade and transition.
