Intended change of ownership of Q Logistics as of January 1st, 2020

Within the next days and weeks all measures required for the transaction will be prepared and implemented

Intended change of ownership of Q Logistics as of January 1st, 2020 Bild: Q Logistics

“We hereby announce that Mutares SE & Co. KG aA has made a notarial, unilaterally signed binding offer to acquire Q Logistics GmbH.” This is the first sentence in a letter from CEO Anna-Theresa Korbutt and COO Florian Zehetleitner (CEO) to the business partners of Q Logistics GmbH.

For the clients, the transaction brings stability and a sustainable long-term future. The business units of transportation logistics and warehouse will be continued and strategically expanded, the letter tells. The transaction still requires appropriate committee decisions by ÖBB Holding, “which are expected by the end of this month at the latest, as well as the acceptance of the binding offer by ÖBB and Q Logistics”.

Mutares is a stock listed, long-term industrial holding company focused on acquiring corporate spin-offs with operational improvement potential. For the investment company based in Munich, this purchase would be the eighth transaction in the current financial year and drive their expansion in the promising Services segment.

“As a customer, you won’t notice anything about the change. Exceptions to this are adjustments such as a new account number. We continue to work on the highest quality for you. Your contacts in operational matters as well as the management will remain unchanged,” said Anna-Theresa Korbutt and Florian Zehetleitner.

Q Logistics is a provider of cross-border transport logistics and warehousing services with several locations in Austria. As a specialist in general cargo and charter services, the company serves customers from various sectors, including the food, pharmaceutical and fast-moving consumer goods (FMCG) industries. In the 2018 financial year, Q Logistics generated consolidated total revenues (including a subsidiary in the Czech Republic) of around EUR 250 million and employed a total of approximately 920 people.;