DEUTSCHE POST DHL GROUP to acquire J.F. Hillebrand Group

Deutsche Post DHL Group (“DPDHL”) has signed an agreement to acquire up to 100 per cent of J.F. Hillebrand Group AG (“Hillebrand”) and its subsidiaries at an equity value of around €1.5 billion. Hillebrand generated revenue of around €1.4 billion in the last 12 months, will ship 500,000 TEUs in 2021, and has more than 2,700 employees worldwide. Hillebrand is a global service provider specialised in ocean freight forwarding, transport and logistics of beverages, non-hazardous bulk liquids and other products that require special care.

The strategic combination of Hillebrand with DHL’s Global Forwarding, Freight (“DHL”) division will strengthen the Group’s position in the dynamic ocean freight forwarding market.