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Wallenius Wilhelmsen Secures $2 Billion Contract Extension with Auto OEM

Story Highlights
  • Wallenius Wilhelmsen extends a 10-year contract with an auto OEM to enhance supply chain solutions.
  • The contract, valued at USD 2 billion, aims to optimize operations and expand service scope.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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The latest announcement is out from Wallenius Wilhelmsen ASA ( (DE:WNL) ).

Wallenius Wilhelmsen has extended its partnership with an established auto OEM through a 10-year contract, aiming to enhance the supply chain with innovative solutions and digital integration. The contract, valued at an estimated USD 2 billion starting April 2027, underscores the company’s commitment to expanding its service scope and optimizing operations, which could significantly impact its market positioning and stakeholder relations.

More about Wallenius Wilhelmsen ASA

The Wallenius Wilhelmsen group is a market leader in roll-on/roll-off (RoRo) shipping and vehicle logistics, managing the distribution of cars, trucks, rolling equipment, and breakbulk globally. The company operates around 125 vessels across 15 trade routes to six continents, with a global inland distribution network, 66 processing centers, and eight marine terminals. Headquartered in Oslo, Norway, the group employs approximately 9,500 people in 28 countries.

YTD Price Performance: 3.44%

Average Trading Volume: 1,056

Technical Sentiment Signal: Strong Sell

Current Market Cap: €3.43B

Find detailed analytics on WNL stock on TipRanks’ Stock Analysis page.

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