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Hapag-Lloyd acquires a logistics company! Return to the road freight market

2024-01-24 10:16:06

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Hapag-Lloyd returns to the road freight market --> Hapag-Lloyd, the world's fifth largest shipping company, has launched its first acquisition in 2024. It has reached a new agreement with the British logistics company ATL and plans to fully invest Acquisition of ATL share capital. At present, the specific purchase price has not been announced. But according to ATL's statement, Hapag-Lloyd will receive more than 200 trucks and 250 trailers owned by ATL.

Hapag-Lloyd pointed out in the announcement that the acquisition of ATL in cooperation with other existing transportation companies is intended to enhance its influence in the field of inland container transportation and better provide customers with first-class intermodal transportation services. The announcement made it clear that Hapag-Lloyd hopes to fulfill its commitment to customers through this acquisition.

It is worth noting that just a few weeks ago, Ceva Logistics, a subsidiary of French shipping giant CMA CGM, also launched an acquisition. CEVA Logistics has successfully acquired the capital of British company Wincanton at a price of 450 pence per share. This brings Wincanton's overall value to approximately £566.9 million.

 

Hapag-Lloyd recently completed its acquisition of ATL, which can be seen as a landmark event for the company to adjust its original positioning and transform into a logistics solutions provider. Although the shipping company has denied this, the logistics business has become increasingly prominent in the shipping company's business.

As a pioneer in the industry, Maersk Line established a logistics company a few years ago to provide customers with a full range of services.

Hapag-Lloyd and ATL are not new acquaintances, and the two parties have maintained a close cooperative relationship for many years. Today, ATL is officially included in Hapag-Lloyd’s territory. The announcement made it clear that the British logistics company will continue to operate independently and its existing management team will be retained. This transaction will combine Hapag-Lloyd's global strength with ATL's local expertise and experience to jointly explore potential synergies and create market-leading transportation solutions for customers.

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