German company DB Schenker Logistics will acquire 75 per cent of UK logistics company Redhead International in early 2016.
According to Schenker, a takeover of the remaining 25 per cent share is foreseen, contractual after four years.
The two businesses will be merged in a reverse integration and will trade as Redhead International, which will continue to be developed by the experienced management team.
Ewald Kaiser, the board member for Land Transport of Schenker AG, said: “This acquisition underscores our strategy to strengthen and grow our pan-European network. It improves our access to the UK market and the combined resources will facilitate our strategic growth aims.
“The new land transport organisation utilising more than 300 vehicles will operate from five regional depots, strategically placed offices and partner relationships across the UK.”
Tony Suggitt, MD Redhead International, said “The new venture brings the best of both companies together and will further strengthen the infrastructure of our UK & European network.”
According to Schenker, the takeover is still subject to approval by the competent authorities.