Rhenus expands Balkans footprint with Log Adria acquisition
German logistics specialist Rhenus is expanding its business activities in the area that was formerly Yugoslavia by completely taking over the Croatian logistics company, Log Adria.
The logistics specialist is aiming to become more involved in the region, particularly for freight forwarding, transport chains and other services via the Croatian ports of Rijeka and Ploce.
Rhenus and Log Adria have already cooperated successfully in the past. Thanks to the takeover, the logistics specialist, Rhenus, is strengthening its presence in the Balkans region and now has its own business sites in Croatia for the first time too. Rhenus already operates in Romania, Bulgaria, Slovenia and Serbia.
“Log Adria is particularly making available its regional and product expertise for our company. Rhenus will link this long-standing knowledge about customers and business partners locally with its own global network, which is being sensibly enhanced by this acquisition,” says Patrick Schäffer, speaker of the executive board at Rhenus Commodity Logistics.
Log Adria, which was founded in 2014, offers sea cargo and freight forwarding services at its headquarters in the Croatian port town of Rijeka. It also has a sea freight branch in Ploce in the south of the country as well as air freight sites in the capital, Zagreb, and in Belgrade in Serbia.