Tuesday, May 21, 2024
Rhenus Group acquires World Net Logistics

Rhenus Group acquires World Net Logistics

Rhenus Group has established a network in South Africa with the acquisition of World Net Logistics (WNL), subject to approval by relevant cartel authorities.

The World Logistics Network Group not only involves WNL in South Africa but also national companies known as WNL Germany with business sites in Bremen and Frankfurt, as well as WNL Asia in Hong Kong, China, Malaysia, Taiwan, Thailand and Singapore.

Core business activities involve air and sea freight operations, with one major focus lying in airfreight connections between South Africa and Germany, and maritime links between South Africa and China, Germany and the UK.

WNL also has its own vehicle fleet for overland services as well as warehouse capacity in Johannesburg, Cape Town, Durban and East London.

Customers mainly come from the automotive, electronic, healthcare, FCMG and retail sectors.

Tobias Bartz, board member at Rhenus says: “The takeover of World Net Logistics marks an important step for us in establishing a network in South Africa and other African countries. WNL’s presence in Asia and Europe also strengthens our global network with additional intercontinental connections. We are confident that we will grow further together and that within the Rhenus Group, WNL will continue to develop sustainably.”

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