Fiege successfully concludes acquisition and integration of FAS Fritsch Air Service

The Fiege Group based in Greven, Germany, has acquired majority shares from FAS Fritsch Air Service GmbH. The pioneer of contract logistics has entered into further expansion of its air and ocean freight capabilities within Germany and Europe and is able to offer an enhanced service portfolio.
“With the integration of FAS Fritsch Air Service into the Fiege Group we have strengthened our position as provider of integrated international logistics services. By combining the existing service portfolios of both companies for air and ocean freight we are well positioned to guarantee seamless execution across all modes of transport to our customers”, says Michael Völlnagel, CEO International Freight Forwarding at Fiege. “As part of the international expansion strategy Fiege will continue to look into suitable acquisition opportunities to support its organic growth plans for its air and ocean freight business”.
The Fiege Group and FAS are an ideal fit. FAS as an air freight specialist in Germany, especially at its airport locations in Frankfurt and Stuttgart, brings a wealth of know-how and competence into the organization. With the integration Fiege is able to combine and strengthen its air and ocean freight activities and realize synergies.
The business activities will be continued under the name of Fiege Fritsch Forwarding GmbH. The combined activities will handle bigger air freight volumes through the extended infrastructure as well as the consolidation of the German air freight activities. Fiege is able to offer additional value add for existing and future customers through its enhanced service offerings.
The Fiege Group is among Europe’s leading logistics providers. Its competence lies in particular in the development and realization of integrated, holistic supply chain systems and it is considered a pioneer of contract logistics. In 2014, the Group generated a turnover of Euro 1.4 billion world-wide with a workforce of around 9,000. 160 branches in 15 countries form a dense supply-chain network. 2.7 million square metres of warehouse and logistics space vouch for the company’s efficiency.
www.fiege.de