Raben, the European logistics operator, has signed an agreement to purchase 100% of shares of the Austrian company Bexity from its current owner, Mutares.
The transaction was initiated in December 2021 and approved by antitrust authorities in February 2022.
The former owner Mutares, bought the company at the end of 2019 and restructured it successfully in the last 24 months.
Bexity’s network has been in existence since 1986 and was the first to offer a 24/7 service throughout Austria. The company transports more than 10,000 shipments per day.
The company has 16 branches in Austria and employs over 500 employees. As a part of the signed transaction, all locations will join Raben Group.