The German company’s Schenker division will acquire a 75% stake in Redhead International in early 2016 subject to approval with competition authorities. It is expected that Schenker will takeover share after four years. The two businesses will be merged in a “reverse integration” and will trade as Redhead International.
"This acquisition underscores our strategy to strengthen and grow our pan-European network,” said Ewald Kaiser, the board member for Land Transport of Schenker. “It improves our access to the UK market and the combined resources will facilitate our strategic growth aims."
The new organisation will have more than 300 vehicles at its disposal and will operate from five regional depots across the UK. Redhead is also a member of the leading national pallet network, Palletforce, which has more than 100 depots throughout the UK.
Tony Suggitt, managing director of Redhead International said, “The new venture brings the best of both companies together and will further strengthen the infrastructure of our UK and European network.”