Raben Group to take over Fenthol & Sandtmann
Raben Group has 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 finalised after the approval of the antitrust authorities. Owing to the agreement with Fenthol & Sandtmann, the group can meet customers’ expectations more effectively by offering an efficient transport network based on 34 branches in Germany. The company is focused on implementing the latest IT solutions in the logistics sector so that it can create 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 in Germany, i.e. Hamburg, Erlensee, Leipzig and Dresden as well as 460 employees. “We have been cooperating with Fenthol & Sandtmann in a 50% joint venture since 2011.” - Ewald Raben, CEO Raben Group explains. (mw)