Thursday 27th Oct 2016 - Logistics Manager

Wincanton in high-tech takeover

Wincanton has taken over HeBo GmbH, a provider of logistics services to the high-tech industry in the North Rhine-Westfalia region of Germany, in a deal worth 2.9 million euros.
HeBo employs some 50  people with sales of about3.2m euros and, EBITDA of 500,000 euros.
The acquisition is the latest in a series of in-fill acquisitions in the UK and continental  Europe designed to develop the group’s profitability, broaden its business base and  generate incremental opportunity for medium and longer-term growth.
Graeme McFaull, Wincanton’s chief executive, said:  “We continue to enhance the scope and scale of our operations with acquisitions such as  this that broaden our sector expertise and reinforce our geographic presence in key  markets.”