EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Sep. 7, 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.
Source: C.H. Robinson Worldwide, Inc.
C.H. Robinson Worldwide, Inc.
Mike Wilken, 952-937-6761
Public Relations Manager
mike.wilken@chrobinson.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding C.H. Robinson Worldwide Inc's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.