News – General corporate and securities matters
13 February 2017
Cresco has assisted several leading maritime and logistic companies and industry associations from the Port of Antwerp in the structuring, formation and funding of NxtPort.
NxtPort’s main goal is to unlock the potential of sharing existing data amongst the port’s players.
The NxtPort data utility platform would allow for faster, more cost-effective as well as more efficient transfer of data between the different players in the whole shipping process – ranging from tracing goods to real time tracking and proactive queries.
In addition, market applications solutions will be built upon the existing data within the port.
Cresco – Strategic Legal Partner
Cresco has been selected as NxtPort’s strategic legal partner in view of its extensive experience in the design and structuring of sophisticated collaboration, governance and funding models, in combination with deep technology platform and application expertise.
Jan Van Dooren, NxtPort leader, comments: “Cresco has been instrumental in the formation of NxtPort through its invaluable and unique expertise in setting up state-of-the-art governance and funding structures, considering the specific nature of the Port of Antwerp community. NxtPort and its stakeholders are looking forward to building a long-term relationship with Cresco as premier firm for technology-related transactions.”
We are thrilled to collaborate in such unique project which will unlock the data potential in the Port of Antwerp.
David Dessers, Tessa Gijbels, Frédérique Joos and Glenn L’hoëst constituted the deal team and will continue to provide strategic and operational support.