SHV started as a coal trader in 1896, and since then has continually moved, changed and adapted to an evolving global and business environment. In the 1960s, when the Dutch coal market collapsed following the discovery of huge natural gas reserves, the company adapted to the new market circumstances by diversifying. In the 1980s, SHV refocused on trading in energy and consumer goods. The company's LPG distribution activities and Makro stores were consolidated and expanded internationally. Over the years, the Makro activities in Europe and Asia were divested, as were the metal recycling activities. NPM Capital, a private equity company was acquired as well as Mammoet, a heavy lifting and transport company, ERIKS, an international technical service provider and Nutreco, a leading player in animal nutrition and aqua feed.

Energy distribution

SHV Energy provides low-carbon and clean energy solutions to business and residential customers in over 25 countries across four continents. It is a leading global distributor of off-grid energy including LPG, small-scale LNG and biofuels.

Food cash-and-carry

Makro is a modern food cash-and-carry targeting professional food customers as well as end-consumers. Makro is present in Argentina, Brazil, Colombia, Peru (until December 23, 2020) and Venezuela. As of 2021, Makro operates 107 stores.

Heavy lifting and transport

Mammoet provides clients with Smarter, Safer and Stronger solutions to any heavy lifting or transport challenge. Through deep and longstanding engineering expertise, combined with the highest quality and safety standards, Mammoet brings an intelligent and flexible approach to projects across a wide range of industry sectors.

Industrial services

ERIKS is an international industrial service provider. As a multi-product specialist it offers a wide range of high-quality mechanical engineering components and associated technical and logistical services. ERIKS has a presence in Western Europe, North America and Asia.

Animal nutrition and aquafeed

Nutreco is a global leader in animal nutrition (Trouw Nutrition) and aquafeed (Skretting) and has offices in 37 countries and sales in over 90 countries. Its advanced feed solutions are at the origin of food for millions of consumers worldwide.

Private equity investments

NPM Capital invests in medium-sized companies in the Benelux region, supporting them so they can complete the next growth phase of their development. The current portfolio comprises 27 companies with both majority and minority stakes and includes growth capital.

Oil & gas investments

SHV owns 49% of ONE-Dyas, the largest privately-owned Dutch oil & gas exploration and production company. Its core area of interest is the oil & gas basins of the North Sea.