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UPS: GERMAN BOLT-ON DEALAAPL: PAY YOUR DUESWTC: LOST FOR WORDS DSV: STEADY DOES ITRXO: COYOTE EQUITY FUNDING 'UPSIZED'RXO: RIGHTS ISSUEGXO: DEFENSIVEMAERSK: MSC RIVALRY INTENSIFIESWTC: REMARKABLY STRONG BA: LABOUR DEALFDX: NEW PARTNERATSG: RIVAL IPODSV: 'AHEAD IN BIDDING FOR SCHENKER'DSV: UNLUCKY FRIDAYSMAERSK: WEAK AGAIN
UPS: GERMAN BOLT-ON DEALAAPL: PAY YOUR DUESWTC: LOST FOR WORDS DSV: STEADY DOES ITRXO: COYOTE EQUITY FUNDING 'UPSIZED'RXO: RIGHTS ISSUEGXO: DEFENSIVEMAERSK: MSC RIVALRY INTENSIFIESWTC: REMARKABLY STRONG BA: LABOUR DEALFDX: NEW PARTNERATSG: RIVAL IPODSV: 'AHEAD IN BIDDING FOR SCHENKER'DSV: UNLUCKY FRIDAYSMAERSK: WEAK AGAIN
PRESS RELEASE
Monday, 15 February 2021
The BLG LOGISTICS GROUP has made a strategic decision to focus on its domestic and international business in its Contract, Automobile and Container divisions in future. Rhenus Air & Ocean is consolidating its position in Germany with the planned takeover of the freight forwarding business of the logistics company, BLG International Forwarding GmbH & Co KG.
Rhenus is using the acquisition to tap into new business fields and is making its global network available to the BLG Group. Provided that the cartel authorities approve the development, Rhenus will acquire nine air and sea freight sites on 1 April 2021.
The nine freight forwarding sites operated by BLG International Forwarding with about 100 employees are due to be integrated within the existing network of Rhenus Air & Ocean in Germany, which currently has twelve branches, from the beginning of April onwards.
They include business sites in Hamburg and Bremerhaven, Düsseldorf, Frankfurt, Stuttgart as well as Munich. This will enable the company to handle greater volumes through its LCL gateway in Hilden and its air freight hub at Frankfurt, for example.
The full release is here.
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