Cargo-Partner offer to acquire one third of Sim Cargo
The Rotterdam-based transport and logistics provider Cargo-Partner has announced its offer to acquire a third of the shares of Sim Cargo, its long-time partner. The goal of this would be strengthening its road transport network as well as expanding its last-mile solutions across Europe.
Cargo-partner has been a system partner of Sim Cargo for many years now, particularly in Central and Eastern Europe. If Sim Cargo accepts the offer, Cargo-Partner would plan to finalise the transaction by the end of the third quarter of 2022, September 30th.
Stefan Krauter, CEO of Cargo-Partner, stated: “This strategic investment represents the logical conclusion of our long-standing partnership with Sim Cargo. We are keen to join forces with sim cargo, one of the largest European road groupage networks, in order to strengthen our network and close the last mile for our customer base in Europe.”
Alexander Bauz, Managing Director of Sim Cargo, stated: “Working together with cargo-partner as an international player in air and sea freight would accelerate efforts such as our IT project FITs and further strengthen our resilience against unforeseeable events. Moreover, we believe that the entire network can benefit from cargo-partner’s expert knowledge.”