Global logistics company, C.H. Robinson Worldwide, has decided to sell its European Surface Transportation business (EST) ahead of its Q2 results.
European digital road freight forwarder, sennder, will purchase the subsidiary, C.H. Robinson said in a statement.
The move, it said, is part of the company’s enterprise strategy to get fit, fast and focused and to drive focus on profitable growth in its four core modes – North American truckload and less-than-truckload, as well as global ocean and air.
EST has been a subsidiary of C.H. Robinson since 1994 and provides transportation and logistics services, including truckload and LTL transportation services, across Europe.
“To win, we need to focus on what sets us apart and build upon our competitive advantages,” said C.H. Robinson President and CEO, Dave Bozeman. “Europe remains an important strategic market for us, and we are committed to our global forwarding and managed services presence there. This clarity of investment in the region is important for the long-term success of our business and employees as well as the value and impact we can offer our customers and carriers.”
C.H. Robinson will continue to invest in key trade lanes, products and technology within the region. Through this transaction, the EST operations will become part of sennder and expected is expected to unlock growth opportunities for both companies and deliver improved service offerings and digital capabilities.
“This acquisition will be pivotal in advancing sennder’s roadmap,” said ssender CEO, David Nothacker. “With its vision to accelerate global trade to deliver products and goods that drive the world’s economy, C.H. Robinson aligns strongly with sennder’s mission and values, to create an efficient and sustainable road freight network in Europe.”
In other news, KAG Canada has acquired Quebec-based Groupe Sylvain Simard.