Rhenus Air & Ocean buys BLG International Forwarding to expand in Germany
Category: #headlines  By Pranali Mehta  Date: 2021-02-18
  • share
  • Twitter
  • Facebook
  • LinkedIn
Rhenus Air & Ocean buys BLG International Forwarding to expand in Germany

Global Air Freight solutions provider- Rhenus Air & Ocean is strengthening its position across Germany through the planned takeover of the forwarding business of logistics firm BLG International Forwarding GmbH & Co. KG.

For the record, through the transaction, Rhenus is aiming at opening up new business opportunities and making its wide global network available to the BLG Group. Subject to approval from the antitrust authorities, Rhenus will buy nine air and sea freight location on the 1st of April,2021.

Notably, the nine forwarding locations of BLG Forwarding comprising of nearly 100 employees will be integrated into the current network of Rhenus Air & Ocean in Germany, which at present comprises of twelve branches, from the beginning of April.

The locations include Düsseldorf, Stuttgart, Munich, Bremerhaven, Hamburg, and Frankfurt. In the coming years, more value can be processed through the air freight location in Frankfurt and the LCL gateway in Hilden. 

Jens Wollesen, Board member for Contract at BLG Logistics, was reportedly quoted stating that, through the partnership with Rhenus Air & Ocean, the company has gained a strong global presence, meeting the demands of the customers worldwide.

Through the sale of the company, BLG is focusing on adapting to the dynamic market conditions. Although the company will no more have a global freight forwarding service across Germany, the company will continue to provide extensive international services in the field of automobiles, containers, and contracts, he added.  

Speaking about the latest acquisition Stefan Schwind, Managing Director, Rhenus Air & Ocean Germany mentioned that the company aims at ensuring continuous expansion in the air and sea freight services. With the newly added locations, employees, and business solutions, Rhenus is consolidating its network in the Air and Ocean industry across Germany.

Schwind added that the logistics firm is working towards developing new lines of business like the transport of food through reefer shops along with the activities in the area of trade fairs and event logistics.

It is worth mentioning that the shipping locations of BLG in Bremen, Germany that deals with land transport, project business, heavy goods transport, and sea freight, are excluded from the takeover deal.

Source Credit: https://www.stattimes.com/news/rhenus-takes-over-blg-forwarding-locations-in-germany-and-opens-up-new-markets-logistics/

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Pranali Mehta

Pranali Mehta    

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali deci...

Read More >>

More News By Pranali Mehta

KKR to acquire renewable energy firm ContourGlobal for £1.75Bn
KKR to acquire renewable energy firm ContourGlobal for £1.75Bn
By Pranali Mehta

ContourGlobal, a British power generation firm, has recently accepted a private equity takeover at a time when the demand for greener energy is increasing due to market turmoil caused by the Ukraine conflict. According to sources, the company has ...

Tata Power obtains a huge solar project from NHPC worth $223Mn
Tata Power obtains a huge solar project from NHPC worth $223Mn
By Pranali Mehta

Tata Power, an electric utility firm based in India, has recently obtained a solar project worth Rs 1,731 crore ($223 million) from NHPC (National Hydroelectric Power Corporation). According to sources close to the move, the wholly-owned division ...

Tamkeen enters strategic partnership with Bank of Bahrain & Kuwait
Tamkeen enters strategic partnership with Bank of Bahrain & Kuwait
By Pranali Mehta

Bahrain-based government agency, Tamkeen has recently inked a new strategic partnership agreement with the Bank of Bahrain and Kuwait (BBK) in a row with novel support programs. Incidentally, the agreement is an addition to the partnership agreeme...