Augustin Acquires Logwin's Certain European Businesses
Published:03-February-2010
By Staff Reporter
Logistics service providers, Logwin and Augustin Network have agreed to the terms for Logwin's sale of its Eastern European Road + Rail activities and general cargo network activities in Austria. Both firms intend to cooperate in the form of a preferred partnership, in particular for groupage, less-than-truckload (LTL) and full-truckload (FTL) transportation in Central and Eastern Europe.
The companies said that this partnership will ensure the continued reliability of deliveries for current and future customer projects.
Antonius Wagner, CFO of Logwin AG and COO of Road + Rail activities, said: "With the sale of these Road + Rail companies in Austria and Eastern Europe, we are pressing ahead with the announced streamlining of our land transportation activities as well as increasing our focus on the areas of contract logistics and sea and air freight."
Berndt-Michael Winter, CEO of Logwin AG and responsible for the business segment solutions, said: "Nothing will change for our Solutions and Air + Ocean customers – we will of course continue to offer them access to the Austrian and Eastern European land transportation networks. Austria and Eastern Europe will continue to remain core markets for Logwin even after the sale of the land transportation activities."
The logistics companies opine that for Augustin Network, the newly purchased network expertise, the geographical coverage in Austria and the exceptional presence in Eastern Europe make perfect sense for their further operational development.
Christian Furstaller, CEO of Augustin Network, said: "Augustin Network and the newly purchased group of companies are now in a position to increase their synergies and thereby considerably boost their momentum. This acquisition has created a strong Central European group offering transportation management solutions. The preferred partnership with Logwin provides both sides with the opportunity to expand their coverage and give their customers additional value."
