IN tIME Express Logistik has announced the acquisition of Spanish courier and express transport operator Servicios Empresariales Ader, S.L. (Ader) along with two smaller sister companies. The transaction closed on July 5th 2017, with the purchase price to remain undisclosed.
Ader, founded in 1992, was sold by its founder and majority owner Emilio Ropero, who stepped down from all roles following the closing of the transaction. The company operates from 17 offices and depots, with over 120 employees producing annual revenues of approximately €40m.
Ader and IN tIME have had a co-operative agreement for 15 years, where Ader has acted as IN tIME’s local network partner in Spain. In this period, IN tIME’s presence on the Iberian Peninsula has built up and they now believe it is time to establish a direct presence in the region.
Source: IN Time Express Logisitik
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