Raben Group’s acquisition of German freight forwarding company Fenthols is approved and will be fully integrated by June 1, 2020.
The international logistics service provider Raben, with its German headquarters in Mannheim, has already held 50% of Fenthols shares since 2011. In November Raben Group signed a purchase agreement with the Ehrig family to take over the remaining 50% of their shares including the subsidiaries FKL Kontraktlogistik and Kraftverkehr P&M Ehrig. The antitrust authorities have also approved the acquisition.
Raben will take over all of Fenthols’ locations in Hamburg, Leipzig, Dresden and Erlensee near Frankfurt am Main as well as its 460 employees.
Fenthol & Sandtmann GmbH, founded in Leipzig in 1827, is an owner-managed company offering road, sea and air transport services as well as contract logistics, with a turnover of €125m in 2019. With the complete integration into Raben Group, customers will be able to benefit from a larger network with 39 branches throughout Germany and more than 10,000 Raben employees throughout Europe. The Group also has 8,500 means of transport and warehouse capacity of around 1,150,000 sq m.
Raben Group will be expanding its range of services due to the agreement with Fenthols. In addition to gaining strategic locations, such as near the Frankfurt Airport, Raben Group will be adding a hazardous goods warehouse in Erlensee, Hessen, and a branch at the Leipzig Cargo Airport next to the A14 motorway to its network, where the subsidiary, Fenthols Kontraktlogistik GmbH, organises warehousing and distribution logistics for numerous companies. With the acquisition of Fenthols’ headquarters directly at the Port of Hamburg, Raben Group is expanding its portfolio in the sea freight and strengthens its intermodal transport. The sea and air freight activities will be bundled in a separate company, Raben Sea & Air GmbH, thereby putting a new focus on the development of these activities independently from the existing European network.
Fenthols’ customers will have access to the customer platform “MyRaben” and benefit from a uniform transport management system. “This is a significant improvement because it increases process transparency. The entire logistics process becomes more homogeneous,” explains Jens Hirschberg, Branch Manager at the Hamburg site.
Source: Raben Group
