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
Saddle Creek Resources
image Optimizing Omnichannel Distribution through Outsourcing
The omnichannel business model has fast become the gold standard in today’s marketplace as retailers and ecommerce companies recognize its potential impact.


Latest Whitepaper
2017 Top 50 3PLs: Investment and Consolidation Maintain Traction
The trend set over the past few years for mergers and acquisitions has hardly subsided, and a fresh injection of equity investment is transforming the marketplace. At the same time, shippers may expect to see 3PLs continue to purchase high-tech “solutions” and hire young professionals for implementation.
Download Today!
From the August 2017 Logistics Management Magazine Issue
Which carriers, third-party logistics providers, and North American ports have crossed the service excellence finish line ahead of their competitors? Our readers have cast their votes, and now it’s time to introduce this year’s winners of the coveted Quest for Quality Awards.
BMW Takes the Inland Road to Efficiency
Global Logistics: No Shortcuts to Security
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Getting the most out of your 3PL relationship
Join Evan Armstrong, president of Armstrong & Associates, as he explains how creating a balanced portfolio of "Top 50" global and domestic partners can maximize efficiency and mitigate risk.
Register Today!
EDITORS' PICKS
34th Annual Quest for Quality Awards: Winners Revealed
Which carriers, third-party logistics providers, and North American ports have crossed the service...
2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...

LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...