Friday, January 18, 2013

Another Freight Forwarder Acquired by Logistics Group

Dachser Continues Growth Strategy
Shipping News Feature

GERMANY - SPAIN – TURKEY – SOUTH AMERICA - Effective retroactively from the beginning of the year, German headquartered logistics provider Dachser, has acquired the Spanish air and sea freight forwarder Transunion (TU) S. A. subject to approval by the antitrust authorities. In addition to nine offices in Spain the company is also represented in Turkey, Argentina, Peru and Mexico. Dachser Managing Director Thomas Reuter, responsible for the Air & Sea Logistics business field, explained:

“The acquisition of the complementary Transunion network allows us to offer our customers even better access to the Latin American market as well as an excellent presence in mainland Spain and Turkey. We are delighted that the shareholder families of TU have decided to shape the future of the company as an integral part of Dachser.”

Founded in 1978, Transunion (TU) is expected to post revenue of €95 million in fiscal 2012. The company employs a staff of 235. Dachser is continuing to expand its global logistics network in line with its Global 2.0 strategic growth programme and Dachser now considers itself well-positioned in the Spanish market after finalising the buyout of another Iberian partner Azkar just last month. The two transactions enable the company to cover nearly all areas of logistics on the Iberian Peninsula.

For his team and himself, Chief Executive Officer Federico Camáñez, who has in particular influenced the international development of Transunion over the past 20 years, sees the merger with Dachser as both a challenge and an opportunity for customers and staff. He will continue to be responsible for the management of the entire group and will report directly to Thomas Reuter.

Explaining the rationale behind the merger, Reuter said that Dachser and Transunion are well matched in their services portfolio in the air and sea freight segment and that, as with the Azkar deal, the fact that both companies are family enterprises also means that they have a very similar mindset. Both management and staff will continue to service their customers’ respective markets as resident experts.

The two companies have already cooperated for over 15 years and for the owners of Transunion Camáñez said the most important consideration is to secure the company’s continued existence and the future of its staff within an internationally expanding logistics provider like Dachser.