Deutsche Post DHL Group Acquires Hillebrand from Cobepa
March 22, 2022
Deutsche Post DHL Group (DPDHL) has acquired J.F. Hillebrand Group AG from majority shareholder Cobepa and other shareholders in a bolt-on transaction, integrating Hillebrand into DHL Global Forwarding, Freight as "Hillebrand Gori - a DHL company." The deal, signed in August 2021 and closed March 22, 2022 following regulatory approval, was valued at an equity price of €1.5 billion; Hillebrand operates in over 90 countries with more than 2,700 employees and specializes in ocean freight forwarding for beverages and non-hazardous bulk liquids.
- Buyers
- Deutsche Post DHL Group, DHL Global Forwarding, Freight
- Targets
- J.F. Hillebrand Group AG (Hillebrand)
- Sellers
- Cobepa, Other key shareholders
- Industry
- Transportation
- Location
- Rhineland-Palatinate, Germany
- Transaction Type
- Addon
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