Deutsche Post DHL

 

The world’s leading logistics and postal company Deutsche Post (DHL) has signed an agreement to acquire up to 100% of the German logistics specialist JF Hillebrand Group and its subsidiaries for 1.5 billion euros ($ 1.8 billion). This will allow DHL to strengthen its position in the shipping market.

“Given the strengths of our freight forwarding business, the acquisition of Hillebrand is an excellent addition to our existing portfolio. In line with our corporate strategy, we are strengthening our core logistics business and delivering long-term profitable growth, ”said Frank Appel, CEO of Deutsche Post DHL Group.

Hillebrand is a global service provider specializing in the shipping, transport and logistics of beverages, safe bulk cargo and other products that require extreme care in transport. The company employs over 2,700 people worldwide. Hillebrand has generated sales of around 1.4 billion euros over the past twelve months.

Deutsche Post competes with Sinotrans from China for the second place in the sea freight market after Switzerland’s Kuehne + Nagel International.

 

Source: Logistik Heute

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