Deutsche Post DHL has their shares in the international logistics and forwarding company ITG GmbH sold LGI, a company of the Kajo Neukirchen group at the LGI logistics Group International, agreed with Deutsche Post DHL purchase by ITG logistics specialist LGI expanded its range by ITG and Dr. Andreas Bunz, CEO of LGI to invest in growth market: the business models of the LGI and ITG complement each other perfectly. With the merger we can offer the LGI and ITG customers even greater performance and service from a single source.” Herrenberg final stone, 03 June 2013 the Kajo Neukirchen GmbH has about your company, the LGI logistics Group International GmbH (LGI”) with Deutsche Post DHL (“DPDHL”) taking the DPDHL subsidiary ITG GmbH Internationale Spedition + Logistik (ITG”) agreed, to be to expand services for current and future customers and to open up new growth opportunities. A corresponding agreement was signed on May 29. It stipulates that LGI 100 percent of ITG GmbH acquires. The transaction is subject to approval by the relevant authorities, the conclusion is expected end of June.
The financial details of the transaction, both parties have agreed to silence. ITG is an international logistics and transportation company, offering its services in particular maritime and air freight, land transport and logistics solutions for many industries, among other well-known clients/branded goods manufacturers from the fashion and lifestyle industry. ITG belongs since 1999 to DPDHL and has steadily grown to a turnover of EUR 151 million last in this time. Today, the ITG is with about 1,000 employees in their industry is one of the leading logistics providers in Germany and Europe. LGI settles to an ideal complement with this acquisition to its existing portfolio of services. LGI, founded in 1995, is a full service logistics provider with a focus on the automotive, electronics, industrial and health care sectors. Also geographically perfectly complement the business activities of ITG and LGI.
In addition to the international Locations of the LGI ITG operates at hubs such as Amsterdam, Rotterdam, Boston and Moscow, and also cooperates with agents in over 200 locations in 90 countries. The merger follows therefore a clear strategic logic. Under the new ownership of LGI, ITG will continue as an independent company, and independent mark. The existing locations and staff of both companies remain unaffected by the transaction. Dr. Michael role, CFO of DHL said: the ITG group has experienced a very successful development at DHL over the past years. We are pleased with the partnership with the LGI now more, new growth opportunities for the ITG arise due to the high complementarity of the shops with LGI.” Dr. Andreas Bunz, CEO who said LGI: The merger is a prime example of strategically meaningful transaction. The business models of the LGI and ITG complement each other perfectly. With the merger, we can offer customers even greater performance and service from one source the LGI and ITG and set the course for international growth.” Andreas Weiss, CEO of ITG, said: ITG is as an independent company with its own management remain. We look forward to working with the management of the LGI and, jointly in Germany and internationally, further expand our leading position in the logistics sector.”