Photo credits @ GT1976, CC BY-SA 4.0 via Wikimedia Commons

Full-service logistics provider Duvenbeck and buy-’n-build investor Waterland establish growth partnership

Investment group Waterland Private Equity has acquired a majority share in the Duvenbeck Group - a European logistics solutions provider with  6,000 employees and an annual turnover recently reaching approximately 700 million euros.

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The company in its new form will retain its previous sole owner, Thomas Duvenbeck, as a key shareholder. Duvenbeck will continue to assist the company in all strategic development matters, including as chairperson of the advisory board.

The transaction remains subject to antitrust approvals, while further financial details have not been disclosed.

The Duvenbeck Group is a family-owned business established in 1932 that is headquartered in Bocholt, North Rhine-Westphalia, Germany. The company maintains a total of 33 locations in eight countries.

Duvenbeck is a full-service logistics service provider in the areas of design, forwarding and contract logistics. The company also offers cross-docking, sequencing and trailer yards.

In addition, the company operates more than 1,500 of its own heavy goods vehicles, which are primarily used for automotive and industrial customers, as well as for the agricultural machinery industry.

The aim of the company’s partnership with Waterland is to further expand Duvenbeck’s internationalisation strategy, the development of core competencies and grow into new customer segments in the medium term.

Photo credits @ GT1976, CC BY-SA 4.0, via Wikimedia Commons