The Munich-based restructuring specialist mutares AG (ISIN: DE000A0SMSH2) has sold the logistics service provider CGVL (Compagnie G\u00e9n\u00e9rale de V\u00e9hicules Lyonnais). The exit marks the completion of the successful turn-around over the past years.<\/p>\n
The French company CGVL, based in Lyon, is a successful niche player for logistics services. CGVL offers transport vehicles together with drivers to large corporate customers thus supplementing their in-house logistics. Having 6 logistic centres and more than 80 hubs throughout France, CGVL guarantees a maximum of flexibility and service availability to its customers.<\/p>\n
In 2011 mutares acquired CGVL in the course of the repositioning of French Star\u2019s Service Group and re-established the company as a strong independent and profitable player on the market. As a result of the investments over the past years, the company now operates a very modern and efficient fleet of more than 700 vehicles ranging from 3.5 to 40 tons. In 2014 the company generated revenues of more than EUR 42 million with its 500 employees.
\nThe total return of CGVL for mutares amounts to more than EUR 2 million.<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[347],"tags":[],"class_list":["post-24792","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n