Wincanton recently expanded its German network with the €15m (US$19.5m) acquisition of ELITransport and ELI-Lagerhaus, a transport and warehousing provider.

The Koblenz-based company has a fleet of 100 trucks and provides warehousing and international groupage services for the industrial and consumer goods sectors.

Last year, ELI reported an annual turnover of €20.5m and Ebitda of around €2m.

Alexander Bauz, MD of Wincanton’s German operation told IFW: "ELI fits perfectly into our strategy. The geographic fit is also excellent. Koblenz is one of the regions where we wanted to increase our presence.

"We are reviewing opportunities with other transport companies and if we can find the right company for a reasonable price, we will seek further acquisitions."

Source IFW