Deutsche Post DHL Group (“DPDHL”) has signed an agreement to acquire 100% of J.F. Hillebrand Group AG (“Hillebrand”) and its subsidiaries for 1.5 billion euros.
Hillebrand is a global service provider specializing in ocean freight forwarding, transport and logistics of beverages, non-hazardous bulk liquids and other products requiring particular care.
Over the past 12 months, Hillebrand generated a turnover of around 1.4 billion euros. It employs over 2,700 people worldwide.
According to a press release issued by DHL, “the strategic combination of Hillebrand with DHL’s Global Forwarding, Freight (“DHL”) division will strengthen the Group’s position in the dynamic ocean freight forwarding market.”
The transaction is subject to prior approval by international institutions. Approvals are expected in the coming months.
Translation by Giles Foster