Rhenus group takes over Ferrostaal Automotive
The Rhenus group is enhancing its current position as a provider of services for the automobile sector: the purchase of Ferrostaal Automotive by Rhenus was officially signed and sealed on 29 April 2016.
The takeover will formally take place on 1 July 2016 and is subject to the normal provisions. Once the takeover has come into effect, the Rhenus group will employ an additional 1,500 people in its automotive division.
Michael Brockhaus, a member of the Rhenus Group’s Management Board, gave the reasons for the acquisition. “Ferrostaal Automotive complements our market presence in the automobile sector. Together, we can meet the growing demand on the part of our customers for complex pre-assembly work. As a result, the Rhenus Group is able to offer the complete value-added chain ranging from pre-carriage to logistics and assembly work and even shipping completed cars for the European automobile sector.”
After the the integration phase, which aims to continue and further develop the core skills of each partner, the Rhenus Automotive business unit is planning to generate further growth through its enhanced market presence and the spread of its customer base. Rhenus particularly believes that the expertise of its current and future employees will create the necessary basis for this.
The Rhenus Group provides logistics services around the globe and has annual turnover amounting to EUR 4.6 billion. Rhenus employs over 26,000 people at more than 500 locations worldwide. The Rhenus business areas – Contract Logistics, Freight Logistics, Port Logistics and Public Transport – manage complex supply chains and provide a wealth of innovative value added services.
Ferrostaal is an international project developer and EPC services provider for industrial facilities. The Ferrostaal Group’s portfolio not only includes petrochemical projects, but also wind energy, recycling and lighting solutions in many fields of application. Ferrostaal has business operations in approx. 40 different countries around the world and handles tailor-made projects in the industrial and financial sectors with its 2,700 employees.