X1 Express moves under the roof of Quehenberger Logistics
Quehenberger Logistics acquires 60 per cent stake in the Austrian express and courier service provider X1 Express
The Austrian express and courier service provider X1 Express has a new majority shareholder. The Augustin Quehenberger Group – owner of Quehenberger Logistics – is to take over 60 per cent of the shares of the Vienna-based, internationally operating enterprise. The previous sole owner and company founder Paul Brandstätter remains a shareholder and will continue to manage the business operations. The transaction is still subject to the approval by the antitrust authority.
X1 EXPRESS is specialising in express shipment of documents and parcels, overnight delivery as well as courier services, and is mainly operating in the B2B segment. The company has 70 employees, generates a total annual turnover of about EUR 14 million and operates its own locations in Austria, Hungary and Slovakia. The company was established as “GO! Express & Logistics“ and renamed to X1 EXPRESS in 2012.“With X1 EXPRESS, Quehenberger Logistics completes its service portfolio with the increasingly important products express and courier services for sensible and small volume goods“, says Christian Fürstaller, CEO Augustin Quehenberger Group. X1 EXPRESS will be continued independently. Through the new majority shareholder the company gains access to the customers and infrastructure of Quehenberger Logistics in 17 countries in Europe.
“As a company of the Augustin Quehenberger Group, X1 EXPRESS has set the course for further strategic expansion, and is a perfect match of the offer and philosophy of an owner-managed enterprise“, Paul Brandstätter adds.
Quehenberger Logistics is a medium-sized quality service provider of transport management, network and contract logistics in Central and Eastern Europe, employing 2.150 persons at 81 locations in 17 countries. In Austria the company based in Strasswalchen near Salzburg operates by its own account the leading nationwide general cargo network.
Quelle: LogEastics
Portal: www.logistik-express.com