Rhenus increases its UK and international freight capabilities
International forwarder Rhenus Logistics has acquired European road freight specialists, PSL Group.
With a head office in Maldon, Essex, and six additional offices across England, PSL Group complements the current Rhenus network, allowing it to maximise its UK and international freight capabilities. The additional locations also bring an increase in freight volumes, facilitating faster growth and providing a unified approach to both businesses.
PSL Group’s portfolio adds an established Scandinavian service through the SkanTrans PSL brand, high volumes of European mainland distributions and a 24/7 customs clearance operation in Dover. This further strengthens the company’s market position at a time of uncertainty around Brexit.
David Williams, managing director of Rhenus Logistics Limited, comments: “The PSL Group acquisition is an important point of growth for the Rhenus UK portfolio, and we are delighted that we can share this exciting news.”
“There is a unified goal to ensure the acquisition is not only a success for all parties but also to enable Rhenus to further solidify its place within the forwarding sector. The next few months will be a crucial time for both companies as new projects arise and the two teams begin working together.”
John King, managing director of PSL Group, added: “Becoming part of the Rhenus group enables us to present new opportunities and services to our clients. With our joint experience, international contacts and expertise in road freight, there is significant scope for growth.”
