The international logistics company Gebrüder Weiss takes over the business of Rhenus Bulgaria, strengthening its position in Southeast Europe.
The purchase agreement was recently signed in Sofia, and the acquisition awaits approval by the antitrust authorities.
“Acquiring the customers and employees of Rhenus Bulgaria doubles the size of our long-standing and successful unit in Bulgaria and marks the next major step in our development,” says Wolfram Senger-Weiss, CEO of Gebrüder Weiss.
“We are able to significantly expand our presence in the Bulgarian market for international freight forwarding and logistics and strengthen our distribution network with additional locations,”
“This acquisition represents our entry into the Home Delivery area in Bulgaria and expands our geographic coverage in the region.”
“We are very pleased to have found a long-standing partner in Gebrüder Weiss, who will continue running the Rhenus locations in Bulgaria together with the existing employees with success,” says Alexander Gechev, managing director of Rhenus Bulgaria.
The acquisition includes the locations in Sofia, Burgas, Svilengrad, Varna and Plovdiv.
The management team of Rhenus Bulgaria will aid in the process of transferring the business. All Rhenus employees, approximately 100, will become Gebrüder Weiss employees.