Rhenus Logistics announces that on 17 December 2018, an agreement was signed for the purchase of 100 percent of the equity share capital of the company Cesped and its related companies.
Friday, 21 December 2018
Subject to the approval of the competent Antitrust Authorities, the transaction will be formalised shortly.
“The meeting of two family businesses in this way offers great potential for further developments and for new opportunities for the customers,” said Guido Restelli, Managing Director of Rhenus Logistics in Italy and in future part of the Management Board of Cesped.
Thanks to the strong presence of Cesped in the region Friuli Venezia Giulia and Veneto, Rhenus Logistics will strengthen its position on the Italian and European road traffic market. At the same time, the activities related to Air & Ocean transports are further developed.
Giorgio Flego, Managing Director of Cesped, continued: “As a family business, we are happy to be included in the Rhenus family.”
Taking into consideration the history, importance, geographical coverage and characteristics of their businesses, Cesped, Nuova Transport and Rhenus Logistics will continue to operate on the market with their own brands, structures and partner networks.
The Rhenus Group is a logistics services provider with global business operations and annual turnover of EUR 4.8 billion. Rhenus has business sites at 610 locations worldwide and employs 29,000 people. The Rhenus business areas – Contract Logistics, Freight Logistics and Port Logistics – manage complex supply chains and provide a wealth of innovative value-added services.
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