Fercam will transfer its Distribution (groupage) and Logistics (contract logistics) divisions into a joint venture with Dachser under the name 'Dachser & Fercam Italia S.r.l.'. With an 80 per cent stake in the new company, Dachser is strengthening and completing its European network. The transfer of control is yet to be approved by the relevant competition authorities.
Under the terms of the agreement signed by the two companies, Fercam will separate its Fercam Distribution (groupage) and Fercam Logistics (contract logistics) divisions from Fercam AG and integrate them into the new company by the end of the year. These two divisions, which employ 920 people at 43 locations in Italy, generated around €400 million in revenue in 2022.
Fercam aims to grow
Fercam AG will hold a 20 per cent stake in Dachser & Fercam Italia S.r.l.
Fercam Transport, Fercam Air & Ocean and Fercam Special Services - including all international subsidiaries - will remain exclusively owned by Fercam AG and will not be part of the new joint venture. Fercam plans to promote further growth and internationalisation of these divisions in the future, including overseas.
"As family businesses, Dachser and Fercam are united by an understanding of values-oriented management that ensures the future viability of the company over generations. This makes us all the more delighted that we are now strengthening our bond even further, building on our 20-year collaboration to establish this joint venture in Italy," said Bernhard Simon, chairman of Dachser's supervisory board.
European network
The majority acquisition of Fercam's groupage and contract logistics business is the third major acquisition Dachser has made to expand its transport and logistics network in Europe, following Graveleau (France, 1999) and Azkar (Spain, 2013). "With this acquisition, we are closing the last gap and rounding off our own network for groupage and contract logistics in the main continental European markets," explains Burkhard Eling, CEO of Dachser. "Our focus remains on organic and sustainable growth. In addition, this year we have strengthened our presence in key markets such as Benelux, Australia, Japan and now Italy through targeted acquisitions."
