It has been confirmed from Bonn, Germany, that Deutsche Post DHL Group closed the acquisition of JF Hillebrand Group AG (Hillebrand) and its subsidiaries at an equity value of €1.5 billion.
After obtaining all necessary regulatory approvals by the required antitrust authorities, the takeover has been concluded, although the companies had already signed the purchase agreement in August 2021. This means that Hillebrand is now 100% owned by DHL division Global Forwarding, Freight.
Hillebrand is now part of DHL Global Forwarding, Freight under the leadership of Tim Scharwath, who will also head the combined businesses of Hillebrand and Gori as its CEO.
Cees van Gent, who successfully managed Hillebrand since 2017, decided to step down as its CEO and Chairman of the Board and will leave the group.
“Hillebrand’s expertise in the logistics of beverages, beer, wine and spirits is an excellent addition to our portfolio,” said Frank Appel, CEO of Deutsche Post DHL Group. “In line with our Group Strategy 2025, we can further strengthen our logistics core and benefit our shareholders with profitable, long-term growth”, he said. “This bolt-on acquisition is a great opportunity for us to add a number of services to our high-quality ocean freight service portfolio, which will strengthen earnings and longstanding client relationships from the start.”
Hillebrand and Gori will work closely together, leveraging synergies from the extensive experience of both providers, especially in the logistics of beverages, beer, wine and spirits. Gori, the wine and spirits sector specialist, has already been part of DHL Global Forwarding, Freight since 1998. The integrated business will operate under the new brand name ‘Hillebrand Gori – a DHL company’. The successful closing of the transaction will strengthen the Group’s position in the dynamic ocean freight forwarding market.
“The merger is a perfect fit, as it combines the strengths of DHL Global Forwarding, Freight’s global network with Hillebrand’s and Goris’ best-in-class solutions. This allows us to fully utilize the benefits for our customers. With Hillebrand and Gori running complementary business models, we expect a seamless integration. In combination with Gori we can leverage untapped synergies and develop even better transport solutions for our customers going forward”, says Tim Scharwath.