Mutares SE & Co. KGaA (Munich) on 18 October made a notarized, binding offer through a subsidiary to acquire the business of Q Logistics GmbH, a logistics subsidiary of Oesterreichische Bundesbahnen – Holding Aktiengesellschaft (ÖBB), including the Q Logistics subsidiary in the Czech Republic.
Mutares focuses on acquiring small and medium-sized companies that find themselves in situations involving major change, with the aim of employing in-depth operational collaboration to set them on a stable footing so as to achieve profitable growth. Its own operational team engages with the management staff of each holding to identify potential for improvement and works on increasing profitability to aid the company in attaining enduring success. Extensive operational experience in business and restructuring coupled with financial and operational support lay the groundwork for overcoming the challenges presented by the process of restructuring.
Q Logistics is a provider of cross-border transport logistics and warehousing services with several locations in Austria. The company trades general cargo, chartered goods and serves customers from various industries, including the food, pharmaceutical and fast-moving consumer goods (FMCG) industries. In fiscal year 2018, Q Logistics had consolidated total sales (including a subsidiary in the Czech Republic) of around EUR 250 million and a total workforce of approx. 920 employees.
The transaction still requires corresponding committee resolutions on the part of the seller, which are expected to be passed by the end of the month at the latest, as well as the acceptance of the notarized, binding offer by the seller. Mutares has reason to believe and assumes that the relevant bodies will give the seller their outstanding approval and that the transaction will be successfully completed thereafter.
