STATEMENT: Peak and CSL join forces in Europe as Peak CSL Group

(Information sent by the signatory company).

STATEMENT: Peak and CSL join forces in Europe as Peak CSL Group

(Information sent by the signatory company)

New partnership to offer advanced coastal and marine logistics solutions in Europe

BERGEN, Norway and MONTREAL, April 8, 2024 /PRNewswire/ -- Peak Group ("Peak") and CSL Group ("CSL") are pleased to announce the launch of their new partnership, Peak CSL Group, following the acquisition by CSL share of 50% of Peak.

This new strategic alliance consolidates Peak and CSL's short sea shipping operations in Northern Europe and leverages their collective experience, resources and capabilities within the coastal and offshore shipping sectors. With a shared commitment to excellence, the partnership aims to offer comprehensive maritime logistics solutions tailored to meet the diverse needs of industrial customers across Europe.

Under the Peak CSL Group brand, the company is positioned to offer an expanded set of services, especially aimed at the rapidly growing marine renewable energy sector. This encompasses rock and ballast logistics support for offshore wind farms, turnkey material transfer solutions and a fleet of project transporters including low to zero emission vessels, all facilitated by in-house engineering capabilities.

A cornerstone of Peak CSL Group's philosophy is a proactive stance to drive decarbonization in the shipping industry. Through innovation and investment in energy-efficient vessels, the partnership aims to lead the transition to zero-emission shipping and help customers meet their decarbonization goals.

"Through the Peak CSL Group, we create a strong alliance, based on our strategy for the coming years. Working as a team with a strong partner allows us to expand our service offering into the renewable energy, oil and gas and infrastructure markets, and "establish a solid foundation for future expansion. Our achievements over almost two decades within Peak Group make us proud, and this partnership represents an important step forward in our strategy for future growth," said Jan-Petter Slethaug, CEO of Peak Group.

"This partnership marks an exciting new chapter of growth and collaboration at CSL," added Louis Martel, President and CEO of CSL Group. "By joining forces with Peak, we are enhancing our ability to deliver innovative and sustainable maritime logistics solutions in the coastal and offshore markets. With Peak CSL Group, we are expanding our portfolio of products and services to meet the needs of our current customers and potentials".

Peak Group is an innovative and practical provider of shipping, logistics and engineering services to various industrial segments of the European market. Established in 2005 and based in Bergen, Norway, Peak Group offers a range of services including:

CSL Group is a world-class provider of complex marine solutions and the largest owner and operator of self-discharging vessels in the world. Headquartered in Montreal with operations in the Americas, Australia, Europe and Africa, CSL offers a wide range of shipping and handling services, delivering millions of tonnes of cargo annually for customers in the construction, steel, energy and agri-food.

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Media contacts: PEAK GROUP, Jan-Petter Slethaug, CEO, mobile: 47 90805275 | Work: 47 55535210,; THE CSL GROUP, Brigitte Hébert, Director, Communications, 1 514 653 8854,

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