Raben Group as the sole shareholder of Fenthol & Sandtmann Raben develops its network in Germany
On the 5th of November 2019 Raben Group signed a purchase agreement with Family Ehrig to take over 50% of their shares in Fenthol & Sandtmann, including FKL & Kraftverkehr Ehrig. By this transaction Raben will become the sole shareholder of the German company. The transaction will be finalized after the approval of the antitrust authorities.
In recent years Raben Group has been dynamically investing on the German market, consistently implementing its long-term strategy of developing the own independent transport network. Owing to the agreement with Fenthol & Sandtmann, the Group can meet customers’ expectations more effectively by offering efficient transport network based on 34 branches in Germany. The company is focused on implementation of the latest IT solutions in the logistics sector, thanks to which it creates new development perspectives not only for itself, but above all for its customers.
After this agreement, Raben Group will take over all locations of Fenthol & Sandtmann i.e. Hamburg, Erlensee, Leipzig and Dresden as well as 460 employees.
“We have been cooperating with Fenthol & Sandtmann in 50% joint venture since 2011.” — explains Ewald Raben, CEO Raben Group — “This acquisition is an important milestone for Raben Trans European Germany and the great example that we have been consistently realizing our strategy of growth. The development of the own distribution network has indisputably opened new possibilities for our customers, not only on the German, but also on the European market.”
Fenthol & Sandtmann, together with its subsidiaries i.e. FKL Kontraktlogistik and Kraftverkehr Ehrig, blends traditions of the trade with the modern 21st century logistics. The roots of the company’s history date back around 190 years, which makes it one genuine logistics experts. In 2011 Raben Group has taken over 50% of shares in Fenthol & Sandtmann. The company provides road, sea and air transport services as well as contract logistics, with the yearly turnover amounting to 130 million Euro.
Raben Group is a logistics operator which offers services for small, medium-sized and large enterprises which outsource comprehensive logistics services. Almost 90 years of experience and recognition gained on the market during that time allow us to build and maintain long-term relations with our customers following our motto: “your partner in logistics.”. Raben Group offers comprehensive logistics services – contract logistics, road network (domestic, international and East), Fresh Logistics, FTL & intermodal transport, sea and air freight. The Group has branches in 12 countries of Europe, it employs 10 000 employees and has approx. 1,200,000 m2 of warehouse capacity. It runs the business in a socially responsible manner focusing on education, safety and ecology. For more information, please visit: www.raben-group.com.
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