Industrial holding Mutares wins bid and acquires Q-Logistics, a subsidiary of Austrian Federal Railways
- One of Austria’s leading logistics companies with sales of approx. EUR 250 million
- Eighth transaction in 2019 for Mutares Group
- Closing of acquisition expected for end 2019/ beginning 2020
Munich, October 28, 2019 – The binding bid of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) last Friday received the approval of the seller’s committees to acquire the business of Q Logistics GmbH, a subsidiary of Oesterreichische Bundesbahnen – Holding Aktiengesellschaft (ÖBB). The acquisition is expected to be completed by the fourth quarter of 2019, respectively first quarter of 2020. For Mutares this acquisition is already the eighth transaction in the current fiscal year.
Mutares submitted a binding offer for the takeover of Q Logistics on October 18, 2019 and has now received the approval of the seller’s committees. As this is the first transaction with a state-owned selling company, this transaction represents another important milestone for Mutares and underlines its excellent positioning in the market.
Q Logistics will strengthen Mutares’ “Goods & Services” portfolio segment. The company is a provider of cross-border transport logistics and warehousing services with a nationwide network in Austria. It is active in general cargo as well as charter and serves customers from various sectors, including the food, pharmaceutical and fast-moving consumer goods industries. In fiscal year 2018, Q Logistics generated consolidated total sales (including the subsidiary in the Czech Republic) of around EUR 250 million and employed a total of around 920 people.
“We are grateful for the trust placed in us. With our offer having received the seller’s approval, we are pleased to be able to acquire a valuable Austrian company that is very well positioned in its market. I am convinced that, especially with our operational consulting team, we can optimally support Q Logistics in realizing its value potential sustainably. We are pleased to welcome such an attractive platform investment to our portfolio”, says Robin Laik, CEO of Mutares.