Rhenus Logistics buys Hungarian freight forwarder
Just a few months after integrating Croatian logistics provider Trans Integral, Rhenus Logistics has made a new acquisition in the region with the addition of the Hungarian freight forwarder ITS Logistics Hungary KFT to its portfolio. The acquisition will consolidate Rhenus’ foothold in Central-East Europe.
ITS Logistics Hungary KFT has been a long-standing partner of Rhenus, collaborating on multiple projects and building a solid professional relationship over the years. The acquisition is the next step in this partnership, reflecting a joint decision to combine the strengths, resources, and expertise of the two companies.
“We are very excited about the opportunities this acquisition brings and look forward to welcoming ITS Logistics Hungary KFT into the Rhenus family”, says Patrick Schäffer, CEO of Rhenus Air & Ocean Central-East Europe. “This move will enable us to better serve our customers’ needs, particularly in relation to air freight services, while also expanding our reach in the Hungarian market.”
Managing Director of ITS Logistics Hungary KFT, Peter Kuzma, adds, “Becoming part of the Rhenus Group marks the beginning of an exciting new journey for our company. We are keen on further developing the business and setting the stage for our customers, business partners and employees alike to grow as well”.
ITS Logistics Hungary KFT is a Hungarian freight forwarding company with more than ten years of experience in providing comprehensive transportation and warehousing services to customers across various industries. Based in Vecsés, just on the outskirts of the capital Budapest, it is mainly focused on air freight forwarding services and customs clearance operations. Sea freight, road freight and rail freight are also part of the service portfolio.