US giant Penske pens joint-venture with Germany’s Röhlig Logistics

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Breman-based Röhlig Logistics and well known US firm Penske Logistics have set up a new Contract Logistics joint venture company named Röhlig Penske Logistics GmbH. The new entity will operate primarily in Germany and the Netherlands.

US giant Penske pens joint-venture with Germany’s Röhlig Logistics
Photo: Röhlig Logistics

In a statement, Röhlig Logistics said the joint-venture “builds on a history of successful cooperation between the two organizations serving shared customers in Europe”.

The newly-formed entity shall to expand into further Western European countries.

Commenting on the joint-venture agreement, Hylton Gray, CEO of Sea Freight, Air freight, Contract Logistics & Sales at Röhlig Logistics, said:

“This joint venture is another milestone in the growth of Röhlig Logistics. We envisage great potential in this venture between Röhlig and Penske, which will expand our presence in Europe and offers even more flexibility to our customers in the EU.”

Bill Scroggie, senior vice president at International Operations for Penske Logistics, added:

“We have had an excellent working relationship with Röhlig Logistics for many years serving shared customers in the automotive, food and manufacturing segments. This new venture provides our shared customers with additional scale, service levels, and provide both businesses with additional growth opportunities in Europe.”

The two parties in the joint venture bring with them 55,000 sqm of additional warehousing, transport management operations and e-commerce logistics.  The new business entity, Röhlig Penske Logistics GmbH, is 80% owned and operated by Röhlig Logistics and 20% owned by Penske Logistics. Financial details regarding the company have not been disclosed.

The more than 80 employees of Penske Logistics Europe will remain employees of the Dutch company, which will in the future be wholly owned by Röhlig Penske Logistics GmbH.

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