Dascher buys major Spanish forwarder to gain wider market access

GERMAN forwarding major Dachser has acquired a major Spanish air and sea freight forwarder Transunion, subject to approval by the antitrust authorities.

The global logistics provider is to gain a company with offices in Spain, Turkey, Argentina, Peru and Mexico with expected annual revenues of EUR95 million (US$126.5 million) in 2012, providing Dachser better access to Latin America, Spain and Turkey.

The purchase is the latest move in Dachser's global growth programme and follows on from a long-standing partnership with Transunion of more than 15 years.

"Dachser and Transunion are not only well matched by virtue of their services portfolio in the air and sea freight segment. The fact that both companies are family enterprises also means that they have a very similar mindset," said Dachser managing director Thomas Reuter.