VTG-LEHNKERING sells bulk and special logistics to Triton

31.03.2004   

VTG-LEHNKERING AG and the private equity investment firm Triton have agreed on the sale of its bulk and special logistics activities. The activities of the inland shipping, road cargo, dedicated logistics (tank farms/hazardous goods stores) and chemical services divisions will be pooled in VL Bulk- und Speziallogistik GmbH, the future LEHNKERING GmbH based in Duisburg. The company will be transferred to the buyer retroactively effective January 1st 2004. Bulk and special logistics is expected to have achieved sales of approx. 520m in the previous financial year. It has 2,300 employees and provides logistics and value-added services for industry. The sale is still subject to the approval of the supervisory authorities. The parties agreed not to release any details of the purchase price.

"The activities are clearly structured. We occupy leading market positions in many areas of bulk and special logistics, and the sale gives us new opportunities for developing to meet future market requirements," emphasizes Wolfgang Lehr, member of the executive board of VTG-LEHNKERING AG and designated CEO of LEHNKERING.

Triton, which has approved equity of 650m and offices in Frankfurt, Stockholm and London, invests mainly in companies based in German-speaking and Nordic countries. Its strategy is to support the management teams of the firms it acquires, developing and investing in activities holding leading market positions.