Management Buy-Out of Vos Logistics completed

Realizing further growth: Controlled multiyear strategy, stronger financial base and changes in shareholder structure with Vos Logistics

The management of European logistics service provider Vos Logistics (Oss/The Netherlands) and Scheybeeck Investments have together acquired all the shares in Vos Logistics. The change in shareholder structure is a logical step in the company’s strategy. The transaction has been approved by the Dutch Authority for Consumers and Markets (ACM). The trade unions have been informed and the works council has issued a positive opinion.

In the coming years, the strategy will be directed at:

• optimizing goods flows in cooperation with customers in order to create clean and efficient logistics and transport solutions

• further optimizing the cost of international transport networks for packed goods and dry bulk

• realizing controlled growth in customer-specific logistics services both organically and through selective acquisitions

The new shareholders will invest further in this multiyear strategy. They will receive financial support from Delta Lloyd Mezzanine Fund in the form of a long-term subordinated loan. The equity position will be strengthened by EUR 52.5 million and the debt position will be reduced by EUR 45 million. The solvency ratio at the end of 2014 will come to almost 25%.

For Vos Logistics, 2014 was a better year than 2013. The upward trend reported in the second half of 2013 continued in 2014. Cargo and Logistic Services performed particularly well. Vos Logistics made substantial investments to strengthen the company in 2014. It invested 15,000 hours in staff training and education, and added 120 new trucks and 275 new loading units to the fleet. It also took a new sustainable distribution center into operation in Oss with a warehousing capacity 25,000 m2. Vos Logistics will close 2014 with a profit on slightly higher turnover and a positive cash flow from operating activities.

Through a network of 30 group-owned locations, Vos Logistics is active throughout Europe. With nearly 1,900 employees, it operates a modern fleet of 1,200 Euro 4, 5, EEV and 6 vehicles, 3,000 loading units and 170,000 m2 of storage space. Logistic Services offers customer-specific logistics solutions, from forwarding, warehousing, value added services and distribution to full supply chain solutions in which Vos Logistics assumes management of part or all of the customer’s goods flow. In the bulk and volume transport markets, Vos Logistics is one of the largest road hauliers in Europe.

www.voslogistics.com

Quelle: LogEastics
Portal: www.logistik-express.com