Transportation - Logistics group Dachser takes over Frigoscandia
The Allgäu-based transport group Dachser SE is taking over the leading Swedish food logistics company Frigoscandia. This "strengthens our position among the leading food logistics companies in Europe," said Dachser CEO Burkhard Eling on Thursday. Frigoscandia, with 1,300 employees and an annual turnover of around EUR 300 million, was previously owned by private equity investor Mutares. The purchase price was not disclosed. The transaction is expected to be completed by the end of March following approval by the antitrust authorities. Dachser employs around 33,000 people worldwide and generated sales of EUR 8.1 billion last year.
Dachser portrait
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- Dachser's acquisition of Frigoscandia will further strengthen its presence in the food logistics sector in Sweden, expanding its operations beyond its Allgäu-based headquarters in Germany.
- The merger between Dachser and Frigoscandia will also impact the logistics market in Europe, as Frigoscandia is a major player in the Swedish food logistics industry with operations spanning across Europe.
- The logistics group Dachser's expansion into Sweden comes as it looks to tap into the growing demand for food logistics services in European countries such as Helsingborg and Kempten, which are known for their vibrant food industries.
- As part of the integration process, Dachser will draw on its expertise in transportation and logistics to optimize Frigoscandia's supply chain, which could potentially open up new opportunities for collaboration with other logistics companies in Germany, such as those based in Bavaria.
Source: www.stern.de
