Deutsche Post DHL Group (DPDHL) has signed an agreement to acquire up to 100% of JF Hillebrand Group and its subsidiaries at an equity value of around €1.5 billion.
Hillebrand specialises in ocean freight forwarding, transport and logistics of beverages, non-hazardous bulk liquids and other products that require special care.
The transaction is subject to merger control clearance in certain jurisdictions, inter alia the EU and the US. These clearances are expected in the coming months. DPDHL intends to fund the acquisition with available cash.
