Gebrüder Weiss has taken over large parts of the operational business of Ipsen Logistics, it has been announced.
Increasing its presence in Germany, the company will now be able to expand its global Air & Sea network to include national companies in Belgium, Poland, and Malaysia.
Wolfram Senger-Weiss, CEO of Gebrüder Weiss said: “The planned acquisition is an important step in the development of our Air & Sea division. Gebrüder Weiss and Ipsen Logistics are a good match, not only geographically but also in terms of their understanding of service and culture. Based on this stronger global network, we are now able to offer both Ipsen’s customers and our future employees new development opportunities.”
The acquisition is subject to the approval of the antitrust authorities and the necessary approval procedures. The companies have agreed not to disclose the purchase price.
Ipsen’s national companies in Morocco and Algeria continue to be cooperation partners in the GW network, but remain unaffected by the acquisition; the same applies to Ipsen Industrial Packing in Bremen.
Ipsen Logistics is a company that has grown from a former local port service provider to a globally active logistics group over the course of its history spanning more than 125 years.
“We provide our employees with the opportunity to take advantage of a new prospect and are pleased to have found in Gebrüder Weiss a buyer that will safeguard the continued existence of the company and preserve jobs,” said the two managing directors of Ipsen Logistics GmbH, Eduard Dubbers-Albrecht and Hans-Christian Specht.
A total of 500 employees work in the Air & Sea division, 180 of which at the eight locations in Germany.
“Gebrüder Weiss’ national companies in Europe, Asia, America, and Oceania are ideal contact points for the customers of Ipsen Logistics who will now be able to enjoy global logistics solutions from a single source,” said Lothar Thoma, Managing Director of Air & Sea at Gebrüder Weiss.
“Expanding our network in Germany and entering the market in the Malaysia mean that our growth plans have been completed for the time being.
“We now cover the most important logistics markets worldwide through our own companies – or through well-coordinated partnerships. We would now like to integrate and further strengthen this setup.”