Deutsche Post to acquire J.F. Hillebrand Group

Deutsche Post DHL Group has signed an agreement to acquire up to 100 per cent of J.F. Hillebrand Group and its subsidiaries at an equity value of around €1.5 billion. 

Hillebrand is a global service provider specialised in ocean freight forwarding, transport and logistics of beverages, non-hazardous bulk liquids and other products that require special care. 

Hillebrand generated revenue of around €1.4 billion in the last twelve months, will ship c.500,000 TEUs in 2021, and has more than 2700 employees worldwide.

Frank Appel, CEO Deutsche Post DHL Group said: “With the growing maturity of our freight forwarding business, this bolt-on acquisition of Hillebrand is highly complementary to our existing portfolio. In line with our Group Strategy, we strengthen our core logistics business and deliver profitable long-term growth.

“Using our financial strength, we are able to pursue quality investments while reinforcing our unchanged commitment to deliver on investor return expectations.”

This article was originally published here.