Raben to purchase 100% of shares of the Austrian company Bexity

Bexity transports more than 10,000 shipments per day

Trending

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.

- Advertisment -

Latest

World’s 500 largest family businesses grew their revenue by 10%

The 500 largest family businesses generate US$8.02t and employ 24.5m people across 47 jurisdictions, according to 2023 EY and...

Must read