Germany’s BLG Logistics has expanded its forwarding services division with the takeover of rival German logistics provider, Fortragroup. The value of the buyout was not disclosed.
Fortragroup is an international shipping and air freight provider with eight branches in Germany offering additional services such as overland transport, project business, customs services and logistics systems. The company is made up of the forwarding companies Logfortra, handling logistics, forwarding and transport, and Infortra, handling international forwarding and transport.
“Over the past few months we've worked hard on systematically expanding our national and international forwarding services,” said Christian Marnetté, managing director of forwarding at BLG. “They perfectly complement the activities of our Automobile, Contract, and Container divisions. We want to show customers that we can offer a complete service package. Now, with the integration of Fortragroup, we've taken a major step further.“
BLG Logistics said it operated its own forwarding division in Bremen, which was a major player in overland and overseas transport.
Fortragroup’s Alexander Opszalski, who was a managing partner, will leave the management board but said he would act as a close advisor to BLG for a transitional period. “Together we'll ensure the smooth continuation of our longstanding customer and employee relationships,” he said.
The deal will be complete once it gains approval by the antitrust authority.