The shareholders of EF-Express Group, a provider of logistics services, have sold their business to French competitor Flash Europe International Group. The parties have agreed not to disclose other terms of the agreement, including the purchase price.
Headquartered in Mannheim and with over 30 years of experience in the market, EF-Express provides time-critical delivery services. The logistics company operates throughout Europe and currently has 8 branches in Germany with subsidiaries in Portugal and Poland. Among its most important customers are well-known automobile manufacturers and automotive suppliers, as well as leading logistics companies. Joachim Wilde, founder and CEO of EF-Express Group, has resigned from his duties and retired.
Flash Europe International is a European leader in same-day and time-sensitive premium freight and generated revenues of €170 million in 2016. Flash Europe has long-standing relations with Europe’s top 500 industrial companies, with over 500,000 shipments annually, relying on a fleet of more than 6,000 drivers throughout Europe. The acquisition was supported by Eurazeo PME, a French financial investor dedicated to majority investments in French SMEs with a value of less than €200 million, which acquired an interest in Flash Europe together with its Chairman Philippe Higelin in 2015.
A GvW team comprising of the partners Dr Markus Rasner (Lead), Till Liebau (both M&A / Corporate, Frankfurt a.M.), Anja Dombrowsky, (Employment, Frankfurt a.M.), Dr Maren Mönchmeyer, (Transport, Hamburg) and Dr Carsten Bittner, Partner (Antitrust and Competition, Hamburg) advised the owners of EF-Express Group on all legal aspects relating to the sales process.