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Digi-forwarder Sennder to buy CH Robinsons surface operations in Europe

[ August 5, 2024   //   ]

Digital road freight forwarder Sennder is to acquire the European Surface Transportation operations of US-owned global logistics provider CH Robinson, for an undisclosed sum. 

Sennder says the combined business will become a top five full truck load (FTL) player in Europe , with a combined revenue of €1.4 billion and a 1,700 people strong team, and a European footprint of over 20 locations.

Ssender chief executive, David Nothacker, said: “CH Robinson aligns strongly with Sennder’s mission and values to create an efficient and sustainable road freight network in Europe. SennOS, the technological powerhouse behind Sennder, requires scale and volume density to unlock its full potential. This M&A transaction gives us that scale.”

CH Robinson president and chief executive, David Bozeman, added: “I am convinced that Sennder will be a great home for the business and will provide good continuity of service to customers. We are confident in this strategic decision to drive more focus in our organization and pleased to see the potential for growth and opportunity that this transition brings for the EST team. To win, we need to focus on what sets us apart and build upon our competitive advantages. While we remain committed to our global forwarding and managed services presence in Europe, and continuing to invest in the region, this clarity of investment is important for the long-term success of our business and employees as well as the value and impact we can offer our customers and carriers.”

Some 6,500 shippers and over 15,000 carriers will become part of the Sennder network.  It says that the combined business will unlock a step change in network density and data capabilities: it will expand shipper and carrier propositions through access to efficient network planning, and to competitive capacity as well as to a broader array of freight opportunities via its platform.

Closing of the transaction remains subject to the completion of the corporate structuring of the EST business unit to be acquired, as well as mandatory employee consultations and applicable merger control proceedings and is expected to be completed in the fourth quarter of 2024.

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