Rhenus expands in Asia with Pro-Log takeover

Rhenus AG & Co took a major step towards consolidating its Asia logistics network with the acquisition of a majority shareholding in the Pro-Log Group based.

“In the past we did not have our own independent services in the air, ocean and distribution divisions in south and south-east Asia,” said Uwe Oemmelen, a member of the Rhenus Board.

“Through the Pro-Log Group we will also obtain expertise in the third-party logistics field in Asia. As a result, we will be able to offer our customers more comprehensive services there.”

Rhenus will fully take over the Pro-Log business locations in China and Hong Kong, strengthening the company’s operations and improving its service offering in the region.

The takeover means regional turnover for Rhenus will rise by about US$ 50 million, generated by almost 600 employees at 19 business locations. Following this acquisition, Rhenus will have its own offices for business operations at 32 locations in Asia.

The Pro-Log Group primarily operates in South and Southeast Asia and has its own companies in Singapore, the Philippines, Malaysia, Thailand and India.

The company has been a partner of Rhenus Freight Logistics, particularly in the air and ocean divisions, in the past. Pro-Log has been handling significant transportation volumes between Europe and South Asia-Southeast Asia for several years.

This joint venture will enable Rhenus to strengthen its presence in Asia to a significant degree and will also help develop the market in this region for the Rhenus brand.
(Source:www.cargonewsasia.com)