The Rhenus Group took over the South African freight forwarding and logistics specialist World Net Logistics (WNL), aiming to expand its network in South Africa
The takeover is subject to approval by the relevant cartel authorities.
The World Net Logistics Group involves the national companies known as WNL Germany with business sites in Bremen and Frankfurt/Main as well as WNL Asia with companies in Hong Kong, China, Malaysia, Taiwan, Thailand and Singapore.
The core business activities of World Net Logistics involve air and sea freight operations. One major focus lies in providing air freight connections between South Africa and Germany as well as maritime links between South Africa and China, Germany and Great Britain.
WNL has its own vehicle fleet for overland services as well as warehouse capacity in Johannesburg, Cape Town, Durban and East London. WNL’s customers mainly come from the automotive, electronics, health care, FCMG and retail sectors.
“The takeover of World Net Logistics marks an important step for us in establishing a network in South Africa and other African countries,” said Tobias Bartz, a member of Rhenus board.
