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Jan 9, 2021 at 7:15 PMHellmann Worldwide Logistics has now acquired 100 percent (previously 49) of the shares of Hellmann East Europe GmbH & Co. KG (HEE). A corresponding purchase agreement has been signed. This gives Hellmann a free hand to expand its locations in nine Eastern European countries.
(Osnabrück) The internationally active full-service provider Hellmann Worldwide Logistics has signed a purchase agreement to acquire all shares in Hellmann East Europe GmbH & Co. KG (HEE). By purchasing the 49 percent stake held by the managing directors Patrick Nathe and Michael Mihm, Hellmann becomes the sole shareholder of HEE. This creates the conditions for Hellmann to sustainably expand its operational business across all product areas in the nine Eastern European countries where HEE has its own locations.
“The Eastern European market is of great strategic importance to us, and we are pleased that by acquiring all shares in HEE, we can further advance the expansion of our market position together with Patrick Nathe as managing director and his team,” said Reiner Heiken, Chief Executive Officer, Hellmann Worldwide Logistics. Michael Mihm is retiring from the industry after 40 years and is thus leaving the management of HEE.
Hellmann Worldwide Logistics SE & Co. KG
Since its founding in 1871, Hellmann Worldwide Logistics has developed into one of the major international logistics providers. In 2019, the Hellmann Group achieved a turnover of around EUR 2.4 billion with 10,743 employees. The range of services includes classic freight forwarding services by truck, rail, air, and sea freight, as well as a comprehensive offering for KEP services, contract logistics, industry, and IT solutions.
Photo: © Hellmann
