The Rhenus Group has acquired South African freight forwarding and logistics specialist World Net Logistics. The deal includes WNL Germany with business sites in Bremen and Frankfurt/Main as well as WNL Asia with companies in Hong Kong, China, Malaysia, Taiwan, Thailand and Singapore.“The takeover of World Net Logistics marks an important step for us in establishing a network in South Africa and other African countries,” said Rhenus Board member Tobias Bartz. “WNL’s presence in Asia and Europe also strengthens our global network with additional intercontinental connections. We are confident that we will grow further together and that within the Rhenus Group, WNL will continue to develop sustainably.”
The takeover is still subject to approval by the relevant cartel authorities.