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Jan 18, 2021 at 7:49 PMHellmann Worldwide Logistics retroactively purchases all shares of the joint venture Rhenus & Hellmann GmbH & Co. KG from Rhenus as of January 1, 2021. The company has locations in Großschirma, Zwickau, and Leipzig. Hellmann is thus further expanding its already strong market position in East Germany.
(Osnabrück) The globally operating full-service provider Hellmann Worldwide Logistics has retroactively acquired all shares in the joint venture Rhenus & Hellmann GmbH & Co. KG as of January 1, 2021. With the acquisition of the joint venture shares of Rhenus Freight Logistics GmbH & Co. KG amounting to 50 percent, Hellmann becomes the sole shareholder of the road and contract logistics company based in Großschirma, Zwickau, and Leipzig.
Hellmann has been able to continuously expand its network in East Germany over the past decades and is now one of the leading logistics service providers in the region. The acquisition of the joint venture shares will sustainably strengthen Hellmann’s presence in the new federal states and further increase its market share, particularly in the areas of road and contract logistics.
Rhenus focusing on Rhine/Ruhr, Rhine/Main, and Southern Germany
“Together with Hellmann, we have successfully further developed our joint venture. In light of the fact that Rhenus Road Freight’s strategic focus in Germany is on the regions of Rhine/Ruhr and Rhine/Main as well as on the metropolitan areas around Munich, Nuremberg, and Stuttgart, we have decided to sell our shares in the East German joint venture to Hellmann,” said Thilo Streck, Managing Director, Rhenus Freight Logistics GmbH & Co. KG.
“East Germany has traditionally been a very important market for us, where we have continuously grown in recent years and where we want to further strengthen our presence. Hellmann has established its network in East Germany over the last 30 years with various locations. As the sole shareholder of the location in Großschirma and the associated branches, we gain additional flexibility to focus on driving the anticipated growth in the coming years,” said Sven Eisfeld, Managing Director Germany, Hellmann Worldwide Logistics.
About Hellmann
Since its founding in 1871, Hellmann Worldwide Logistics has developed into one of the major international logistics providers. In 2019, the Hellmann Group achieved a revenue of around EUR 2.4 billion with 10,743 employees. The service portfolio includes classic freight forwarding services by truck, rail, air, and sea freight, as well as a comprehensive range of KEP services, contract logistics, industry, and IT solutions.
Photo: © Rhenus
