The Rhenus Group is enhancing its current position as a provider of services for the automobile sector: the purchase of Ferrostaal Automotive by Rhenus was officially signed and sealed on 29 April 2016. The takeover will formally take place on 1 July 2016 and is subject to the normal provisos. Ferrostaal Automotive complements Rhenus’ services with complex preassembly operations and it strengthens the Group’s presence in Germany, Belgium, Poland and Spain.
Once the takeover has come into effect, the Rhenus Group will employ an additional 1,500 people in its automotive division. Ferrostaal Automotive has particularly gained experience in providing solutions for pre-assembly work in the past and it operates in markets where Rhenus has not yet been involved. Michael Brockhaus, a member of the Rhenus Group’s Management Board, gave
the reasons for the acquisition. “Ferrostaal Automotive complements our market presence in the automobile sector. Together, we can meet the growing demand on the part of our customers for complex pre-assembly work. As a result, the Rhenus Group is able to offer the complete value-added chain ranging from pre-carriage to logistics and assembly work and even shipping completed cars for the European automobile sector.”
“We’re delighted to have found a strongly growing partner for Ferrostaal Automotive in Rhenus Automotive. The medium-sized business culture fostered by us will fit into the Rhenus family business well,” says Joachim Ludwig, Managing Director of Ferrostaal GmbH, underlining the importance of the development. After the conclusion of the integration phase, which aims to continue and further develop the core skills of each partner, the Rhenus Automotive business unit isplanning to generate further growth through its enhanced market presence and the spread of its customer base. Rhenus particularly believes that the expertise of its current and future employees will create the necessary basis for this.