Following a competition review, the European Commission has approved the proposed establishment of a joint venture called „Dachser & Fercam Italia S.r.l.”.
“We now have certainty. With the expected and timely approval of the European competition authorities, Fercam can now spin off its groupage and contract logistics activities and transfer them to the new joint venture” explains Alexander Tonn, COO Road Logistics at Dachser. “Dachser & Fermcam Italia will start operations as planned in January 2024. In addition, we can now discuss and define future processes and corporate structures in more detail”.
DACHSER will hold an 80% stake in the joint venture, while Fercam will hold a 20% stake. Following the start-up and test phase in the spring, the joint venture will employ 920 people at 43 locations in Italy. It is expected to generate revenues of around 400 million euros in 2022.
As previously reported, the joint venture will be led by Dr Gianfranco Brillante, currently the Logistics and Distribution Manager at Fercam. He will be responsible for overseeing the day-to-day operations of the joint venture.