Geis takes over the majority of Quehenberger Logistics
| Vienna, Austria, May 3rd, 2023. The Geis Group is acquiring a 66 percent majority stake of Quehenberger Logistics (Augustin Quehenberger Group GmbH) with retrospective effect from 1 January 2023. The remaining 34 percent will be held by the previous majority owner Christian Fürstaller – who will continue to run the business as CEO of Quehenberger Logistics in the existing organisational set-up with all employees. |
The logistics service providers Geis and Quehenberger complement each other almost perfectly in terms of geography and performance. Both companies are active in related business areas, but mostly in different countries. In addition to the core markets of Germany and Austria, the group of companies is consolidating its presence particularly in Central and South-Eastern Europe. The logistics services offered to customers range from road freight transport and contract logistics to air and sea freight – including industry networks, e.g. for fashion, as well as other sophisticated industry solutions. With a total of around 10,000 employees at approx. 200 locations in 13 countries and a turnover of about two billion euros, the group of companies is becoming a leading logistics player in its markets. Rudi Quehenberger, Rodolphe Schoettel and Günter Thiel have fully sold their shares. Rodolphe Schoettel will remain in the management as CFO of Quehenberger Logistics, as will COO Klaus Hrazdira. The Quehenberger subsidiaries in Russia, Belarus, Kazakhstan and Ukraine are excluded from the takeover. These companies were spun off from the Augustin Quehenberger Group into a separate holding company, CF Logistics GmbH, in 2022. “We want to actively pursue the interesting growth opportunities in the South-Eastern European market,” say Hans-Wolfgang Geis and Jochen Geis, managing partners of the Geis Group. “In addition to focussing on organic growth, we have therefore discussed various options for acquisitions. Talking about our strategic ambitions with a company we have been friends with for years was clearly the preferred choice. Our companies have been working together for ten years. We know each other really well, have similar corporate cultures and full agreement on strategic perspectives. Therefore, we are very pleased that this transaction has worked out.” By acquiring Quehenberger’s shares, the Geis Group has taken a major step forward in its strategy of realizing rapid growth not only in the markets served so far, but also throughout South-Eastern Europe. |
Original article HERE
Image: quehenberger.com