Rhenus: Green lights for acquisition of Wincanton business units

Rhenus to complete its acquisition of the German and French business operations of Wincanton on 2 January 2012

Rhenus received the approval of the European Commission to acquire the German and French business operations of the Wincanton Group on 22 December 2011. The agreement signed by the group on 14 August 2011 to take over the continental European business of the Wincanton Holding Company and its subsidiaries therefore comes into effect backdated to 1 July 2011.

Following the signing of the agreement in August, Rhenus completed the necessary registration and authorization procedures with the relevant antitrust authorities in the past months. The Directorate-General for Competition at the European Commission then finally approved the acquisition of the German and French Wincanton business operations by the family-run corporation last Thursday. The shareholders of the British Wincanton parent company had also given their approval to the Rhenus plans to take over the continental European activities of their company, so that completion will take place on 2 January 2012.

This takeover will particularly reinforce and expand the Contract Logistics and Port Logistics business areas at Rhenus. The business gained as a result complements the existing range of services in third-party logistics and multimodal transportation operations. Beyond this, the new high-tech logistics business unit will broaden the existing product range at Rhenus. The group has more than 18,000 mployees at almost 300 locations and generates an annual turnover of EUR 3 billion.

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