C.H. Robinson Agrees to Acquire Apreo Logistics S.A.
Eden Prairie, MN (September 6, 2012) — C.H. Robinson Worldwide, Inc., one of the world's largest logistics companies, announced today that it has agreed to acquire Apreo Logistics S.A. ("Apreo"), a leading freight forwarder based in Warsaw, Poland.
Founded in June of 2007, Apreo provides truckload services including dry van and temperature controlled and liquid and dry bulk capabilities. To complement their truckload offering, the company also offers additional warehouse, air and ocean services.
Apreo has shown significant growth over the past several years, with current gross revenues over $100 million while servicing more than 2,000 customers. The company has over 300 employees in 21 offices in Poland and one office in Germany.
"This acquisition expands C.H. Robinson's presence in Europe and supports our goals to strengthen our capabilities in our core business and further diversify our modal offering, both of which benefit our European and global customer base," said Bryan Foe, president of C.H. Robinson Europe.
The decision to acquire Apreo is the latest in a series of moves for C.H. Robinson in Europe. Previously, the company named Bryan Foe president of C.H. Robinson Europe and opened an office in Rotterdam, the Netherlands, which focuses on temperature controlled transportation.
"We are taking a long-term approach towards Europe and feel now is a good opportunity to increase our commitment to the region," said John Wiehoff, CEO and chairman of C.H. Robinson. "The agreement to acquire Apreo supports our strategy of making continued investments in our business within the continent."
The acquisition of Apreo adds to C.H. Robinson's employee and management base in a key European market. Current CEO of Apreo, Arkadiusz Glinka, will continue in a similar role going forward.
"We are excited to be able to add our expertise, knowledge and services while becoming part of the talented C.H. Robinson team and their global network," said Glinka. "Together, our customers and contract carriers will benefit from the additional opportunities this collaboration presents."
The closing of the transaction is conditional on clearance from the Polish Office for Competition and Consumer Protection. Terms of the acquisition were not disclosed.
About C.H. Robinson Worldwide
Founded in 1905, C.H. Robinson Worldwide, Inc., is a global provider of multimodal logistics services, fresh produce sourcing, and information services to 37,000 customers through a network of more than 230 offices and over 8,700 employees around the world. The company works with 53,000 transportation providers worldwide. C.H. Robinson is a Fortune 500 company and had annual revenues of $10.3 billion in 2011.
Through the company and its Foundation, C.H. Robinson and its employees contribute millions of dollars annually to a variety of organizations, including the Juvenile Diabetes Research Foundation, Community Health Charities, American Red Cross, Children's Hospital and Clinics of Minnesota, and Global Impact. The company is headquartered in Eden Prairie, Minnesota, and has been publicly traded on the NASDAQ since 1997. For more information about C.H. Robinson, visit http://www.chrobinson.com.