Hellmann Worldwide Logistics announced that it is acquiring the overnight express provider "Innight Express" which has presence in Hungary and Romania.
Central and East European expansion
In a statement, it said that with this acquisition, Hellmann is completing an important milestone in its expansion strategy in the Central and East European markets and tapping into the key overnight express services segment.
It said the two shareholders Tamás Aradi and Zoltán Csombok will continue to manage the company as co-managing directors and it said that customers can expect a "seamless integration and unchanged business relationships" despite the acquisition.
Founded in 2004 in Törökbálint, Hungary - 15 kilometers west of Budapest - Innight Express has developed into an overnight express specialist, primarily serving customers in the automotive and agricultural industries.
Hellmann noted that for the past eight years, the company has also been successfully represented on the Romanian market by its subsidiary Innight Romania Express in Ciorogârla.
"By expanding our overnight-express services into Eastern Europe, we are taking another important step in our expansion strategy, which we have been executing upon since the beginning of the year, with initiatives such as the acquisition of Hellmann East Europe and the joint venture of Rhenus & Hellmann," says Jörg Herwig, chief operating officer Road & Rail Hellmann Worldwide Logistics.
"The acquisition of Innight Express gives us access and a presence in two attractive emerging countries in the Eastern European overnight-express market," added Wilfried Hesselmann, chief operating officer CEP, Hellmann Worldwide Logistics, adding that the firm will take on all of Innight Express employees.
"As part of the global Hellmann FAMILY, we want to make our contribution to the overall success of the company in the future. Our goal is to further expand while sustainably strengthening our presence and share in East Europe," say Tamás Aradi and Zoltán Csombok, Managing Directors CEP RO/HU.
