Key takeaways:
- CTJ generates approximately €135 million in annual revenue and employs around 650 people.
- Its fleet comprises around 400 trucks and more than 500 trailers.
- Once the transaction is completed, JOST expects to employ around 4,000 people and operate 2,100 trucks and 4,500 trailers.
- The deal remains subject to approval by Germany’s Federal Cartel Office (Bundeskartellamt).
The acquisition represents a major expansion of JOST’s presence in Germany, giving the company significantly greater capacity in the strategically important Rhine-Ruhr region.
JOST announced on Thursday that it had signed an agreement to acquire CTJ Janssen GmbH, a transport and logistics business headquartered in Grevenbroich, North Rhine-Westphalia.
Founded more than 40 years ago, CTJ operates in road transport, logistics and warehousing, with a particular focus on the food, beverage and consumer goods sectors.
The company is active in both part-load and full-load transport and operates around 400 trucks and more than 500 trailers. Including subcontractors and capacity sourced on the spot market, CTJ coordinates approximately 650 vehicle loads per day.
Much bigger foothold in Germany
For JOST, the significance of the acquisition lies partly in CTJ’s location. Grevenbroich sits southwest of Düsseldorf, close to some of Germany’s most important industrial and logistics corridors. CTJ also operates in Landsberg, near the A9 and A14 motorways in central Germany.
The takeover therefore gives JOST substantially greater capacity in Europe’s largest logistics market and strengthens connections between Germany and the group’s existing European network.
JOST said combining the businesses should allow it to improve network utilisation, increase operational flexibility and support further growth in strategic market segments.
CTJ’s transport operations are concentrated on domestic German part- and full-load movements as well as international services linking Germany with the Benelux countries and northern France.
JOST to grow to 4,000 employees
The transaction will also considerably increase JOST’s overall scale. Once the acquisition is completed, the group says it will employ around 4,000 people across ten countries, including Belgium, Germany, France, the Netherlands, Poland and Romania.
JOST has also indicated that the enlarged group will operate approximately 2,100 trucks and 4,500 trailers, alongside more than 800,000 sq m of logistics space across Europe and North Africa.
CTJ itself brings around €135 million in annual revenue to the group. The company has developed considerably since its early years. By 2008 it operated 169 trucks, growing its own fleet to 275 tractor units by 2014. CTJ said that by its 40th anniversary in 2021 its fleet had passed 500 tractor units, although JOST currently puts the company’s fleet at approximately 400 trucks.
The acquisition has yet to cross its final regulatory hurdle. Completion remains subject to customary closing conditions, including clearance from the Bundeskartellamt.
