Archives



Freight News, Logistics


Schenker to take over Redhead International

[ December 11, 2015   //   ]

DB Schenker Logistics is to take a three-quarter share of Redhead International and will combine its UK road-activities in a joint venture with the forwarding company in early 2016. The two businesses will be merged in a reverse integration and will trade as Redhead International under its management team. Schenker envisages that it will take over the remaining 25% of Redhead after four years.

The takeover is subject to regulatory approval.

The new land transport organization will have over 300 vehicles and will operate from five regional depots, offices and partner relationships across the UK. Redhead is also a member of the Palletforce network which has more than 100 depots throughout the country.

Schenker AG board member for land transport, Ewald Kaiser said: “This acquisition underscores our strategy to strengthen and grow our pan-European network. It improves our access to the UK market and the combined resources will facilitate our strategic growth aims.”

Redhead managing director Tony Suggitt, added: “The new venture brings the best of both companies together and will further strengthen the infrastructure of our UK and European network.”

Tags: ,