Raben acquires the majority of shares in the Italian groupage transport leader.
Raben Group will soon increase its share in Sittam, which is the leader on the Italian market of international groupage transport: by road, sea and air.
On 1 July this year, the Dutch logistics giant Raben will increase its share in the Italian company Sittam from 20 to 51 percent, thus becoming the majority shareholder. The Bertola family will retain 49% of the shares. The first objective for both owners is to increase the shareholders’ capital in order to further strengthen the economic position of the company, which has been operating in the Italian market for more than 50 years.
International expansion strategy
According to the joint statement of the companies, the increase of Sittam’s capital is in line with the international expansion strategy of Raben Group.
Italy is currently the number 4 partner in international exchange, therefore the development of connections to and from this market is extremely important from the point of view of the Group’s strategy. The ongoing transformation is another step towards the integration of Raben with Sittam Italy. After the launch of Sittam’s groupage connections with Central Europe and the Netherlands, and then the network of daily connections to/from Germany, the time has come for the next milestone,” explains Wojciech Brzuska, President of Sittam.
Photo: Bartosz Wawryszuk