German logistics company Rhenus expands to UK
The German-based logistics company Rhenus Group has expanded to the United Kingdom by acquiring Network 4 Home Delivery. Rhenus already has over 500 locations across the world, but the recent acquisition represents Rhenus entering the British market for the first time.
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The deal was officially completed on the first day of February, as Cabinet Maker writes. The company that has been acquired by Rhenus Group is a British delivery company that delivers mostly beds, white goods and furniture for British and Irish manufacturers, retailers and wholesalers. They claim to be the industry leader in two-man white glove furniture delivery.
For Rhenus, the acquisition is a great opportunity to introduce their logistics expertise in the UK market. “We can cover the complete British market with Network 4 Home Delivery and offer complete international solutions and additional services like customs clearance for goods to customers within our network”, managing director Nicolas Rottman said.
About Network 4
Network 4 was founded in 2006 to help a small number of independent companies. In 2010, it signed a partnership agreement with W.S. Dennisson to offer their services in Ireland and Northern Ireland. The company now has five depots across the United Kingdom and Ireland.
Rhenus Group is a logistics services provider with an annual turnover of 4.6 billion euros. It has business sites at over 500 locations around the globe and employs over 26,000 people.