On June 27, the Swedish company Elanders signed a contract for the acquisition of LGI Logistics Group International (LGI) with Kajo Neukirchen Group and the “Mittelstandsfonds” managed by M Cap Finance. The transaction is still subject to approval by the relevant competition authorities. LGI will remain an independent company with the existing management and brand image.
“The acquisition of LGI, which has a good reputation on the logistics market, is another step towards becoming a global player in Supply Chain Solutions. With LGI we can offer our customers the same service in Europe as they already enjoy in Asia and the Americas,” says Magnus Nilsson, President and CEO of Elanders.
“The business models of Elanders and LGI are a perfect fit. We want to benefit from each other’s know-how and broaden our global footprint, especially in the Americas and Asia, where Elanders is already present,” says Dr. Andreas Bunz, CEO of LGI. Elanders capacity within Print & Packaging as well as its competence in e-commerce will offer opportunities for further growth in existing and new business sectors.
Formed out of Hewlett-Packard Germany in 1995 and currently employing a workforce of around 4,000 people located at more than 45 sites in Europe, the United States, and Russia, LGI Logistics Group International is one of the leading companies in contract logistics in Europe. In 2015, LGI achieved a turnover of around EUR 430 million with services for clients in the automotive, electronics, fashion & lifestyle, healthcare & life sciences, and industrial sectors.
The Elanders group is a global player for integrated services in the areas supply chain management, print & packaging and e-Commerce and generated a turnover of around SEK 4.2 billion (EUR 448 million). The Group operates in more than 15 countries on four continents with a focus on China, Germany, Singapore, Sweden, United Kingdom and the USA. Elanders has clients in the automotive and consumer electronics sectors.