DHL Supply Chain, the contract logistics specialist within Deutsche Post DHL Group, has acquired a 100% stake of MIT Safetrans (MIT), an Italian logistics provider for highly specialized and high added-value niche markets.
DHL Supply Chain Italy adds 20 operating sites to its network, boosting the company’s presence in Italy approximately 60 facilities with more than 800 staff members. It is DHL’s second purchase in Italy, after acquiring Eurodifarm in 2011. Both parties have agreed to keep the purchase price confidential.
“We are now aiming to assert ourselves as an operator with the largest portfolio of added-value services capable of satisfying the most demanding companies” said Eddy De Vita, President and CEO of DHL Supply Chain Italy.
MIT operates in sectors where technology is present, among them hi-tech, pharmaceuticals, banking and vending. Its distribution network comprises about 20 logistics centres through which MIT provides highly specialized pre and post-delivery equipment services. These range from commissioning magnetic resonance machines to ATMs to Biolab services for the sanitation of medicinal products. MIT is also operational in the highly specialized distribution of life-saving products such as radiopharmaceuticals. In 2015, the company reported revenues of €48m and an EBITDA of €6m, continuing its growth in income and revenue over the last few years.
Through the transaction DHL Supply Chain Italy will be able to develop new competencies and extend its high added-value services portfolio. Thanks to MIT’s know-how and agile structure, the Group is allowing its clients to outsource technical services to a single, specialized operator.
The purchase agreement sees MIT maintaining its management independence and current distribution structure. The entity will also retain its membership of the specialized European high-tech network TENESO, of which MIT is a founding member. DHL Supply Chain recognizes the company’s capacities and competencies and has fully confirmed its confidence in the current management team led by Marco Crenna.
Source: DHL
