Röhlig Logistics and Penske Logistics form a new Contract Logistics Joint Venture in Europe
Bremen, Germany, Roosendaal Netherlands, 10 January 2022 - Röhlig Logistics and Penske Logistics today announced the formation of a new Contract Logistics joint venture company called Röhlig Penske Logistics GmbH, operating primarily in Germany and the Netherlands. The newly formed venture builds on a history of successful cooperation between the two organizations serving shared customers in Europe. The aim of the joint venture is to expand into further Western European countries.
Hylton Gray, CEO Sea Freight, Air freight, Contract Logistics & Sales at Röhlig Logistics explains: "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."
The new joint venture incorporates 55,000 sqm of additional warehousing, transport management operations and, e-commerce logistics, with plans to accelerate additional growth, utilize operational synergies, and enhance services levels for potential and shared mutual customers operating in Europe.
“We have had an excellent working relationship with Röhlig Logistics for many years serving shared customers in the automotive, food and manufacturing segments,” said Bill Scroggie, senior vice president, International Operations for Penske Logistics. “This new venture provides our shared customers with additional scale, service levels, and provide both businesses with additional growth opportunities in Europe.”
The new business entity, Röhlig Penske Logistics GmbH, is 80% owned and operated by Röhlig Logistics and 20% owned by Penske Logistics. This was a private transaction and financial details were not disclosed. The parties closed the transaction 31, December 2021.
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.