GÖRG advises Fiege Group on the sale of its International Freight Forwarding segment
GÖRG Partnerschaft von Rechtsanwälten mbB, under the lead management of M&A partner Dr. Christoph Niemeyer, advised the Fiege Group on the sale of its International Freight Forwarding (IFF) business unit as well as the Forwarding Business in Far East. The buyer is AIT Worldwide Logistics based in Chicago, USA. The closing of the transaction is scheduled to take place on 29 December 2020.
In order to fully exploit the considerable potential of the International Freight Forwarding business, Fiege had been looking for a partner who gives customers access to an expanded service portfolio and an even larger network. A strategic alliance has now been formed with AIT Worldwide Logistics to drive the further growth of the international transport business.
A total of eleven companies in eight different jurisdictions were sold.
Advisors Fiege Group
GÖRG Partnerschaft von Rechtsanwälten mbB
Dr. Christoph Niemeyer, Partner, Corporate / M&A, Cologne
Claus Christopher Schiller, Associate, Corporate / M&A, Cologne
Dr. Jochen Lehmann, Partner, Litigation and Arbitration, Cologne
Lydia Daniela Nießen, Associate, Corporate / M&A, Cologne
Dr. Christian Bürger, Partner, Antitrust Law, Cologne
Paul Caesar Rode, Associated Partner, Corporate / M&A, Hamburg
Miroslav Georgiev, Associate, Antitrust Law, Cologne
About Fiege Group
The Fiege Group, headquartered in Greven/ Germany, is one of Europe’s leading logistics providers. Its competence lies particularly in the development and realization of integrated supply chain systems, and it is considered a pioneer of contract logistics. In 2019, the Group generated a turnover of Euro 1.7 billion world-wide with a workforce of 19,000 people. 150 locations and co-operations based in 14 countries form a dense supply-chain network. 3.3 million square meters of warehouse and logistics space vouch for the company’s efficiency.