Rhenus acquires the LOXX Group

Rhenus

With the planned takeover of the logistics group LOXX from Gelsenkirchen, Rhenus intends to strengthen its activities in Germany and Europe. LOXX has a clear commitment to international operations, particularly cross-border general cargo, LTL and FTL business. The owner-managed logistics specialist focuses on the Rhine/Ruhr region in its German business.

The acquisition not only involves the holding company at the headquarters in Gelsenkirchen but also five operational business sites that are based at the head office, in Pleidelsheim near Stuttgart and the Polish cities of Warszawa, Poznań and Katowice.

“The business sites operated by the LOXX Group ideally enhance Rhenus Freight Road’s existing European network because of the company’s strong emphasis on internationalisation and the cultural variety and skills of its employees,” said Thilo Streck, Managing Director of Rhenus Freight Logistics.

The major focus at the logistics centre in Gelsenkirchen, which measures about 17,000 sq m, is not only on cross-border services but also customer solutions for the chemical industry. The existing agreements within the VTL and CTL domestic general cargo cooperation schemes are set to continue.

The business site in Pleidelsheim near Stuttgart primarily focuses on Eastern European and CIS services for general cargo, LTL and FTL shipments. Within Germany, LOXX also operates as a regional freight forwarder for the household appliances sector by distributing white goods and supplying stores.

LOXX operates three branches in Poland and their major focus is also on providing overland services within Europe. Rhenus is seeking to establish some integration within its independent Polish distribution network here.

The acquisition is still subject to approval by the cartel authorities.

Source: Rhenus

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