Rhenus steps up in Central Eastern Europe
The Rhenus Group, a major German logistics provider, has expanded a network of its subsidiaries in Central Eastern Europe. It purchased a Rijeka-based company, Log Adria, to intensify its activities in the Croatian ports and the Balkans region. Moreover, Rhenus is planning to extend its air and ocean services in Poland.
The second part of July 2021 has become remarkable for the Rhenus Group in terms of expanding its business in Central Eastern Europe. Two countries were in the spotlight of the German leading logistics provider. After years of activities in Bulgaria, Romania, Serbia, Slovenia, the Rhenus Group entered the Croatian market.
This became possible due to the acquisition of Log Adria, the local freight forwarder that is focused on developing the logistics services via the Croatian ports of Rijeka and Ploče. “Thanks to the takeover, the logistics specialist, Rhenus, is strengthening its presence in the Balkans region and now has its own business sites in Croatia for the first time too,” the company stated.
Another Central Eastern European country where the Rhenus Group stepped up is Poland. The German company has been offering its services in the Polish market since 1995, particularly warehouse solutions, port services, road transport, etc. At the end of July, Rhenus acquired C.Hartwig, a major Polish freight forwarder dedicated to the sea, air and land delivery, from the OTL Group. The deal is subject to the approval of the antitrust authorities. If it is positive, the takeover will be finalised in October.
Besides its headquarter in Gdynia, C.Hartwig has nine offices in Poland (Warsaw, Kraków, Łódź, Wrocław, Poznań, Gdańsk, Szczecin, Katowice, Koroszczyn) and three locations abroad, in Hamburg, Felixstowe and New York. “With this acquisition, Rhenus is once again demonstrating the importance of the Eastern European markets and, with this investment in economically challenging times, is making clear its willingness to engage in new markets,” the German logistics provider summed up.