13.2 C
Wednesday, August 5, 2020
Home Freight News Austrian forwarder acquires Ipsen’s global outlook

Austrian forwarder acquires Ipsen’s global outlook

Fresh from the launch of its new home delivery service, Gebrüder Weiss has announced the acquisition of German maritime and air freight forwarder Ipsen Logistics for an undisclosed sum.

The deal remains subject to regulatory approvals, but should those approvals be given Gebrüder Weiss will have a far more comprehensive coverage following the acquisition. The Austrian company will national offices in Belgium, Poland, and Malaysia, to its extensive range in Europe, Asia, America, and Oceania.

Signed in Bremen on 29 July, Wolfram Senger-Weiss, CEO of Gebrüder Weiss explained that “The planned acquisition is an important step in the development of our Air & Sea division. Gebrüder Weiss and Ipsen Logistics are a good match, not only geographically but also in terms of their understanding of service and culture. Based on this stronger global network, we are now able to offer both Ipsen’s customers and our future employees new development opportunities.”

Ipsen’s national companies in Morocco and Algeria continue to be cooperation partners in the GW network, but remain unaffected by the acquisition; the same applies to Ipsen Industrial Packing in Bremen.

At the signing of the contract in Bremen (from left): Hans-Christian Specht and Eduard Dubbers-Albrecht (both Managing Directors at Ipsen Logistics) with Lothar Thoma (Managing Director Air & Sea at Gebrüder Weiss) and Wolfram Senger-Weiss (Chairman of the Management Board of Gebrüder Weiss). (Source: Ipsen Logistics / Bettina Conradi).

Lothar Thoma, Managing Director of Air & Sea at Gebrüder Weiss said, “The comprehensive takeover of Ipsen Logistics’ business is part of a growth strategy being pursued by Gebrüder Weiss in the Air & Sea segment for several years now. The company only recently expanded its global Air & Sea network to include its own locations in South Korea, New Zealand, and Australia. Expanding our network in Germany and entering the market in Malaysia means that our growth plans have been completed for the time being,”

The 125-year old Ipsen company’s Air & Sea Division employs 500 staff globally including 180 in eight locations around Germany. Aside from its transportation services Ipsen offers a range of other services including, customs clearance, warehousing, packaging, quality inspection or returns management as well as consolidated container services or multimodal pre- and post-carriage concepts to seaports.

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

New York/New Jersey battens down the hatches for Tropical Storm Isaias

The main container terminals in the port of New York and New Jersey have battened down the hatches to prepare for the imminent arrival...

Updated: Massive explosion rips through the Port of Beirut

An explosion at the port of Beirut in Lebanon has caused carnage in the country’s capital. The blast occurred after what appeared to be...

Hapag-Lloyd raises THCs

German carrier Hapag-Lloyd has announced new terminal charges that will apply to cargo shipped between Europe and the US. From 1 September terminal handling...

Rate recovery and falling fuel costs helps ONE to Q1 profit

Falling revenues failed to halt soaring profits at Ocean Network Express (ONE) as the Singapore-based carrier recorded net profits of US$167 million, in the...

FMC monitors lines as SCFI breaks US$3,000 bar

Aggressive capacity management by carriers, currently being monitored by the Federal Maritime Commission (FMC), has pushed the US west coast Shanghai Containerized Freight Index...