New Contract Logistics Joint Venture Formed in Europe
Röhlig Logistics and Penske Logistics today announced the formation of a new contract logistics joint venture company called Rohlig Penske Logistics GmbH, operating primarily in Germany and the Netherlands.
The newly formed venture builds on a history of successful cooperation between the two organizations serving shared customers in Europe. The aim of the joint venture is to expand into further Western European countries.
Hylton Gray, CEO sea freight, air freight, contract logistics & sales at Röhlig Logistics explained: “This joint venture is another milestone in the growth of Röhlig Logistics. We envisage great potential in this venture between Röhlig and Penske, which will expand our presence in Europe and offers even more flexibility to our customers in the EU.”
The new joint venture incorporates 55,000-square-meters of additional warehousing, transport management operations, and e-commerce logistics, with plans to accelerate additional growth, utilize operational synergies, and enhance services levels for potential and shared mutual customers operating in Europe.
“We have had an excellent working relationship with Röhlig Logistics for many years serving shared customers in the automotive, food and manufacturing segments,” said Bill Scroggie, senior vice president, international operations for Penske Logistics. “This new venture provides our shared customers with additional scale, service levels, and provides both businesses with additional growth opportunities in Europe.”
The new business entity, Röhlig Penske Logistics GmbH, is 80% owned and operated by Röhlig Logistics and 20% owned by Penske Logistics. This was a private transaction and financial details were not disclosed.
The parties closed the transaction December 31, 2021. The more than 80 employees of Penske Logistics Europe will remain employees of the Dutch company, which will in the future be wholly owned by Röhlig Penske Logistics GmbH.
Röhlig is an owner-operated logistics company which offers its customers services in the areas of sea freight, air freight, project logistics and contract logistics. The family-owned company was founded in 1852 in Bremen, Germany. Today, it employs nearly 2,400 staff members in more than 30 countries.
Photo caption: (left to right) Bill Scroggie, senior vice president, international operations for Penske Logistics, and Hylton Gray, CEO sea freight, air freight, contract logistics & sales at Röhlig Logistics, at the signing of the joint venture agreement.
By “Move Ahead” Staff
