NTG Germany, a fully owned subsidiary of Nordic Transport Group has purchased Schmalz+Schön Holding (SSH).
Founded in 1959, SSH specialises in road and logistics services, offering tailored solutions to its long-standing customer base. It operates from its headquarters in Stuttgart and 27 additional sites across Germany, with key hubs in Stuttgart, Bautzen, Hamburg, Berlin and Frankfurt.
In addition to its road and logistics services, SSH provides air and ocean freight services, contributing around 15 per cent of total revenue.
The acquisition of SSH marks a significant milestone for NTG, doubling its revenue in Germany and significantly strengthening its road and logistics network.
“This acquisition underscores our ambition to expand and strengthen our European footprint in the Road & Logistics division,” said CEO of Road & Logistics at NTG, Jesper Petersen. With the addition of SSH, we significantly enhance our presence in Germany and boost the development of our Continental European operations.”
For the financial year ending 31 December 2023, Schmalz+Schön reported €153.3 million in revenue and an EBIT of EUR 10.4 million.
“Ensuring stability and continuity for our cherished employees, customers, and partners was paramount in this decision,” said owner and member of the SSH Board of Directors, Frank Penkwitt. ” I am deeply grateful for the employees’ unwavering loyalty and support throughout the years, and I am excited to continue my journey with Schmalz+Schön as we join the NTG family.”
In other news, Lineage has completed the acquisition of Luik Natie, a Belgian cold storage and transport service provider.