IMPERIAL Logistics International acquires Dettmer Bulk Reederei
IMPERIAL Logistics International operating unit, IMPERIAL Reederei will become the majority shareholder of Dettmer Bulk Reederei, one of the largest family‐owned inland shipping companies in Europe. The deal, which will further strengthen IMPERIAL Logistics’ position in the dry cargo shipping sector is subject to approval according to German antitrust law.
Hubert Brody, Chief Executive Officer of IMPERIAL Holdings said, “The acquisition strongly complements the service offering of IMPERIAL Reederei as well as IMPERIAL Logistics International operating unit, neska.” With turnover of 25 million Euros, six wholly owned ships and 25 chartered vessels, Dettmer Bulk Reederei is known for delivery in the dry bulk cargo shipping sector on the River Rhine, as well as in the northern German canal region.
IMPERIAL Reederei, Europe’s leading inland waterway shipping company has the largest pushboat fleet in Western Europe. Operating through 20 subsidiaries located in Germany, Netherlands, Belgium, France and Austria, the company provides Dry Bulk Shipping, Liquid Bulk Shipping, Short-Sea Shipping and Chartering solutions.
Through multi-modal Container and Bulk terminals along the river Rhine, neska provides road, railways and inland water shipping connections from Cologne,
Düsseldorf and Duisburg to Antwerp and Rotterdam. It delivers transhipment of approximately 8 million tons annually.
“Logistics Service Providers (LSPs) can substantially increase service delivery levels and value through effectively implementing inter-modal solutions. This approach not only balances but integrates all modes of transport, from road and rail to waterways, pipelines and air. We are looking forward to the significant value enabled through the additional capacity and expertise that the acquisition of Dettmer Reederei brings to IMPERIAL Logistics International,” Brody concluded.
Imperial continues to trade under a cautionary relating to an unrelated offshore acquisition that is currently being contemplated.
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