Subscribe to our free, weekly email newsletter!


CHRW inks agreement to acquire Apreo Logistics S.A.

By Jeff Berman, Group News Editor
September 10, 2012

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 headshot
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. .(JavaScript must be enabled to view this email address).


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!

Recent Entries

Join Transplace for this Webcast, to learn how they were able to automate manual processes by tightly integrating their transportation management system (TMS) with the portals of carriers, and 3rd party vendors in a matter of a few weeks.

Following the integration, the new Hapag-Lloyd will rank among the four largest ocean cargo carriers in the world

AgTC will provide unique market intelligence at next annual meeting in San Francisco this June

With no fuel tax increase likely ahead of this year’s mid-term elections, trucking interests in Washington are moving to Plan B in their attempt to shore up funding for badly needed infrastructure improvements.

Crowley Maritime Corporation has acquired majority ownership of Accord Ship Management (HK) Limited and Accord Marine Management Pvt. Ltd.

Article Topics

News · 3PL · Global Logistics · C.H. Robinson · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA