On August 14, 2011, Rhenus Group signed a deal regarding the acquisition of Wincanton’s Mainland European Holding Company and its subsidiaries. The German and French businesses generate revenue of approximately 550 M€ and employ 3,000 people. The companies’ activities are predominantly in Contract Logistics and Intermodal transportation.
Through the acquisition, the Rhenus Group will build on its extensive product portfolio in continental Europe, especially in the Port Logistics and Contract Logistics business areas. The integration of Rhenus and Wincanton on the European Mainland will enable Rhenus to enhance its range of business services and provide both existing and future customers with better solutions to their logistics challenges.
With the sale of the activities in France and Germany to Rhenus, Wincanton plc successfully concludes the restructuring of its Mainland European businesses. The Wincanton Group will focus in the future on the development of its leading position in the United Kingdom and Ireland market, where it sees significant potential for growth. The company will work closely with the Rhenus Group in the forthcoming weeks to ensure that service quality is maintained during the transition period to the highest levels.
The transaction is subject to approval by Wincanton’s shareholders, to anti-trust clearance and regulatory approvals.
The Rhenus Group provides logistics services around the globe and has annual turnover amounting to EUR 3 billion. Rhenus employs more than 18,000 people at more than 290 locations worldwide. 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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