- Austria’s leading logistics company with sales of approx. EUR 250 million
- Q Logistics as new platform investment in the Goods & Services segment
- Thus 8th transaction of Mutares in 2019 successfully completed
Munich/Vienna, December 19, 2019 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) successfully completed the acquisition of the business of Q Logistics GmbH, a logistics subsidiary of Oesterreichische Bundesbahnen – Holding Aktiengesellschaft (ÖBB), on Wednesday. The transaction underlines the excellent positioning and expertise of Mutares as a partner of established groups for takeovers of carve-outs with operational improvement potential.
Q Logistics has achieved an excellent position in the general transport logistics and warehousing sector with a nationwide network in Austria and generated sales of EUR 250 million last year. Building on this, Mutares will work together with the local management and team on the implementation and further development of a value enhancement program after the takeover.
“We are convinced that in Mutares, an industrial holding company, we have found an experienced, long-term, entrepreneurial partner for Q Logistics. Mutares has the necessary expertise and experience to ensure the successful development of Q Logistics and to implement a sustainable concept with the management”, says Arnold Schiefer, member of the board (CFO ÖBB).