CHRW inks agreement to acquire Apreo Logistics S.A.

Global logistics services provider and freight forwarder C.H. Robinson Worldwide Inc. (CHRW) recently announced it has agreed to acquire Warsaw, Poland-based freight forwarder Apreo Logistics S.A.

By ·

Global logistics services provider and freight forwarder C.H. Robinson Worldwide Inc. (CHRW) recently announced it has agreed to acquire Warsaw, Poland-based freight forwarder Apreo Logistics S.A.

Financial terms of the acquisition were not disclosed. CHRW said that the transaction’s closing is conditional on clearance from the Polish Office for Competition and Consumer Protection. CHRW officials were not available for additional comment.

Apreo provides various services for shippers, including dry van and temperature-controlled and liquid and dry bulk capabilities as well as warehouse, air, and ocean services and was founded in June 2007. The company has gross revenues of more than $100 million and has more than 2,000 customers and 300 employees in 21 offices in Poland and an office in Germany, too, said CHRW.

“This acquisition expands C.H. Robinson’s presence in Europe and supports our goals to strengthen our capabilities in our core business and further diversify our modal offering, both of which benefit our European and global customer base,” said Bryan Foe, the newly-named president of C.H. Robinson Europe in a statement.

Bringing Apreo into the fold follows a July announcement by CHRW, when its subsidiary C.H. Robinson Europe opened a new office in Rotterdam, Netherlands, which will specialize in temperature-controlled logistics services.

The company said it is continuing to take a long-term approach towards Europe and is increasing its commitment to the continent.

Robert W. Baird & Co. analyst Ben Hartford wrote in a research note that CHRW “continues to take a long-term view toward expanding its presence in Europe with acquisition opportunities providing a platform to accelerate growth.”

Hartford added that CHRW has highlighted an interest in pursuing companies with European truck brokerage exposure and international freight forwarding capabilities to supplement ongoing diversification and growth efforts, noting that over the long term, CHRW continues to view service and geographic diversification as key elements of the company’s value proposition.

Total second quarter revenue for CHRW—at $2.96 billion—was up 9.2 percent annually.


About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

3PL · C.H. Robinson · Global Logistics · All Topics
Latest Whitepaper
Lead your organization through the driver shortage and over-the-road regulations.
Potential transportation disruptions are looming as increased over-the-road regulations are set to go into effect in 2017. Experts believe these regulations will further impact the already challenged driver pool as well as reduce driver productivity.
Download Today!
From the January 2017 Issue
Following LM tradition, we start off the New Year with our annual “Rate Outlook” cover story and subsequent Webcast
Moore on Pricing: The other TMS functional options
2017 Rate Outlook: Where are freight transportation rates headed?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2017 Rate Outlook: Where are freight transportation rates headed?
Join our panel of top oil and transportation analysts for an exclusive look at where rates are headed and the issues driving those rate increases over the coming year.
Register Today!
EDITORS' PICKS
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...
Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...

Making the TMS Decision: Ariens Finds Just the Right Fit
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL)...
Motor Carrier Regulations Update: Caught in a Trap
The fed is hitting truckers with a barrage of costly regulations in an era of scant profits....