German logistics provider Rhenus Group is buying Ferrostaal Automotive for an undisclosed sum.
Ferrostaal Automotive provides pre-assembly operations to carmakers including Audi, Ford, GM, VW and Seat and the buyout, which will be formalised at the beginning of July this year, will expand the logistics provider’s service offering in Germany, Belgium, Poland and Spain. In all Rhenus will add eight Ferrostaal Automotive facilities to its portfolio and 1,500 people.
“Ferrostaal Automotive complements our market presence in the automobile sector,” said Michael Brockhaus, board member at Rhenus. “Together, we can meet the growing demand on the part of our customers for complex pre-assembly work. As a result, the Rhenus Group is able to offer the complete value-added chain ranging from pre-carriage to logistics and assembly work and even shipping completed cars for the European automobile sector.”
Last year Ferrostaal Automotive took over the Spanish assembly and logistics business of Grupo Valautomocion in Valencia, bringing it business from Ford, Opel, Seat and Kautex which Rhenus will now inherit.
Rhenus is currently expanding its warehousing capacity across Europe with new centres planned this year at Duisburg in Germany, as well as in Poland and the Netherlands.
