Here you find a description of a business sale of a warehousing company in Denmark. The warehousing company focuses on the pharmaceutical and biotech industry. The CFIE M&A transportation team helped the seller in the business sale to a Belgium warehousing buyer. Find more details on the business sale of a warehousing company below.
The strategy of the Belgium logistics and warehousing company for the pharmaceutical industry is to grow across Europe. The buyer is a Belgian family company which was founded by Henri Essers in 1928, and is an European company active in transport and logistics for industries as chemicals, pharmaceuticals/health care and high value goods. In 2013 it reported a turnover of 409 million euros, and over 4000 employees working across 32 locations in 11 countries, including Denmark. With his activities in Copenhagen, the buyer has already built up some significant experience on the Danish market. H.Essers strongly believes in the added value of the service offering by Neff A/S, and is willing to further develop the complementary activities. This acquisition fits into the long term strategy of continued growth in logistics for the pharmaceutical, biotechnological and food industry.
The seller is a logistics service provider offering mainly warehousing solutions in Denmark with a specialization in pharma, biotechnological and food industry. The headquarters, including 22.000 m² of warehouses, are located in Allerød, to the north of Copenhagen. I In total Neff owns about 32,000 m² warehouses. Along with the 12,500 m² of H.Essers in Copenhagen, the total warehouse capacity covers around 45,000 m² across 5 sites. Neff A/S was established in 1951 and initially focused on storage capacity for the fruit companies of the 13 shareholders. Since 1995, Neff transformed into a logistics company specialized in the pharmaceutical, biotechnological and food industry.
The CFIE transportation M&A team member in Denmark, Finn Laursen, is active in business sales. Finn Laursen mainly focuses on logistics, warehousing, transportation and forwarding companies in Denmark. Finn has large experience in warehousing and has a background in the transportation industry himself. Finn has the local market knowledge in Denmark and knows the warehousing and logistics market in Denmark very well.
Finn Laursen was aware of the strategy of Essers to continue the development of the Scandinavian markets with a focus on strategic market segments like warehousing for the pharmaceutical industry. Finn Laursen thought an acquisition of Neff by Essers can contribute to further growth for Essers in logistics for the pharmaceutical, biotechnological and food industry.
Finn Laursen knew that Neff is active in warehousing for the biotech and pharmaceutical industry and that they could have an interest in a business sale. The synergies enable an extension of the current market position for both companies. Further, they allow opportunities for further development of the Scandinavian region. Finn saw the synergies between both companies and brought them together. Both companies realized the combination would make them stronger. Finn helped the seller in negotiating a good agreement which ended in a M&A transaction between both companies.
Feel free to contact us for further details about this business sale in Denmark. If you are looking for acquisitions or business sales of warehousing or logistics companies in other countries than Belgium or Denmark it is also good to contact us. We know other available logistics business for sale in Europe or would be able to find them. A phone call is also suitable (+31-6-24629234) if you want to know more about possible other logistics opportunities.