Fiege to make more European acquisitions


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Consolidation in the European logistics industry is likely to receive extra momentum, following reports that German logistics provider Fiege is looking to make more acquisitions. Fiege is one of the largest contract logistics companies in Europe, and is particularly strong in Germany. According to an interview in a German newspaper, it is looking to increase its presence in France, the Nordic region and Central & Eastern Europe.


Fiege started its European expansion in the mid-1990s, when it acquired companies in the UK, Switzerland, Iberia and Benelux. Its strategy at the outset had been to adopt a de-centralised management approach although over the past few years all the subsidiaries have been re-branded. Heinz Fiege, managing director of the company, is reported to have stated that the company is looking to spend about €300m on new acquisitions and to this end it has already drawn up a target list of companies.


On a different matter Fiege commented that he believed that his company would benefit from the acquisition of Exel by Deutsche Post World Net. The considerable integration process involved would result in a loss of management focus at DPWN which could mean his company picking up new customers.

 

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