03.02.10
Augustin purchases Logwin’s land transportation activities in Eastern Europe and the Austrian network – strategic partnership intended
Grevenmacher (Luxembourg) and Salzburg (Austria) – The logistics company Logwin AG and Augustin Network GmbH today agreed the terms for Logwin’s sale of its Eastern European Road + Rail activities and general cargo network activities in Austria. The transaction is subject to cartel clearance by the competent authorities. The contracting parties agreed to remain silent about the purchase price. Moreover, the logistics companies intend to cooperate closely in the future in the form of a preferred partnership, in particular for groupage, LTL (less-than-truckload) and FTL (full-truckload) transportation in Central and Eastern Europe. This partnership will ensure the continued reliability of deliveries for current and future customer projects.
The sale is taking place as part of the agreed streamlining of land transportation activities within the Logwin Group. “With the sale of these Road + Rail companies in Austria and Eastern Europe, we are pressing ahead with the announced streamlining of our land transportation activities as well as increasing our focus on the areas of contract logistics and sea and air freight,” explains Dr. Antonius Wagner, CFO of Logwin AG and COO of Road + Rail activities. “Nothing will change for our Solutions and Air + Ocean customers – we will of course continue to offer them access to the Austrian and Eastern European land transportation networks,” underlines Berndt-Michael Winter, CEO of Logwin AG and responsible for the business segment Solutions. “Austria and Eastern Europe will continue to remain core markets for Logwin even after the sale of the land transportation activities.”
For Augustin Network, a specialist in LTL and FTL cargo as well as in transportation management solutions, the newly purchased comprehensive network expertise, the geographical coverage in Austria and the exceptional presence in Eastern Europe make perfect sense for its further strategic and operational development. “Augustin Network and the newly purchased group of companies are now in a position to increase their synergies and thereby considerably boost their momentum,” explains Christian Fürstaller, CEO of Augustin Network. “This acquisition has created a strong Central European group offering transportation management solutions. The preferred partnership with Logwin provides both sides with the opportunity to expand their coverage and give their customers additional value.”
About Logwin AG
As an external partner, Logwin AG, based in Grevenmacher (Luxembourg), develops a comprehensive range of logistics and service solutions for trade and industry. In 2008, the group generated sales of 2.0 billion euros and currently employs approximately 8.000 staff in 45 countries. Logwin operates in main markets worldwide and has over 400 locations across all continents. With its three business segments Solutions (customer-oriented contract logistics), Air + Ocean (global air and ocean freight forwarding activities) and Road + Rail (land and special transportation activities in Central, Western and Eastern Europe) Logwin AG is one of the market leaders.
Logwin AG is listed on the Prime Standard of the Deutsche Börse. The majority shareholder is DELTON AG, Bad Homburg (Germany).
About Augustin Network
Augustin Network, located in Straßwalchen near Salzburg (Austria), is one of Austria’s leading companies providing transport management solutions. In 2008 the group generated sales of 190 million euros with around 1,000 employees in seven countries and 13 locations. They operate one of the largest dedicated truck fleets in Austria. Their business activities range from freight and forwarding to logistics solutions.
Your contacts:
Logwin
Mara Hancker
Corporate Communication
Phone: +352 719690-1353
Fax: +352 719690-1359
pr-info@logwin-logistics.com
www.logwin-logistics.com
Augustin Network
Maria Hacks
Marketing & Communications
Phone: +43-50559-2050
Fax: +43-50559-2800
maria.hacks@augustin-network.com
www.augustin-network.com