Groupe CAT announces their acquisition of Wallenius Wilhelmsen Logistics Germany GmbH. The acquisition marks a significant step for Groupe CAT in working towards their strategy to become the undisputed leader of their industry.
WWL Germany GmbH transported over 600,000 cars and H&H (high and heavy) units last year for a range of customers including OEM, Remarketing and rental companies as well as importers. They have three vehicle distribution compounds with technical services facilities in Germany. To support their transport services, they control over 370 specialised car and H&H transporters. With an estimated turnover in 2015 of €120 million, VSE will contribute significantly to the success of Groupe CAT.
Alejandro Forbes, CEO of Groupe CAT, said: “the acquisition of VSE is the latest example of Groupe CAT’s commitment to invest in European and worldwide vehicle logistics services. For us, it will further strengthen our position across the sector, and especially in Germany which is Europe’s biggest new car market.”
Andrew Bauer, Managing Director of WWL Germany GmbH, appreciated the acquisition: “With Groupe CAT and its focus on investment and growth on inland vehicle logistics services, we believe we will have the environment in which we can flourish. Our focus will continue to be on delivering excellent customer service at the same time as producing value for shareholders.”
Together, Groupe CAT and WWL Germany GmbH will be able to offer their customers a comprehensive range of services for both new and used cars, including transport and logistics, forwarding services, customs clearance, technical services and storage and handling. Groupe CAT welcomes more than 400 additional experienced employees in seven different countries across Europe, as part of the acquisition, who will fully contribute to working towards the company’s goal to become the undisputed leader of their industry.
Stuart Warren, Internal Development Director for the Vehicle Logistics Division has been given the role of leading the project team to oversee the integration of WWL Germany GmbH and Groupe CAT. Stuart said: “This is an enormous challenge and opportunity for Groupe CAT, to maximise the complementary strengths of the two companies. I can already see areas of added value, and look forward to bringing the two teams together to work as one.”
In joining Groupe CAT, WWL Germany GmbH will integrate into an international logistics company with a long term strategy and vision, backed up by investments of more than €150 million over the last seven years. The acquisition follows others over the last few years: for example Toquero in Spain, TRIAL in France, Fleetpoint in the Netherlands and Carlson (50%) in UK as Groupe CAT further builds its balanced resource model pan-European network.