On the 15th August 2019, Rhenus Logistics Limited acquired 100% ownership of The PSL Group Ltd. The acquisition will open up new opportunities, services, and expertise to the customers of both businesses, enabling further growth opportunities.
The PSL Group has a history dating back over 35 years and currently operates across seven locations in the UK, including a head office in Maldon, Essex. The PSL Group’s established services, such as the Scandinavian services through The SkanTrans-PSL brand seamlessly complement the current Rhenus network. The synergies between Rhenus Logistics and The PSL Group will bring an increase in freight volumes, facilitating growth and providing a unified approach to both businesses.
In the UK, Rhenus Logistics has 8 strategically situated locations throughout the UK, with a Head Office at its Port Salford Hub in Manchester. Further afield, Rhenus Logistics UK is part of the wider Rhenus group which employs over 31,000 people across 660 locations worldwide. The Rhenus group provides solutions for a wide variety of different sectors along the complete supply chain; they include multimodal transport operations, warehousing, customs clearance as well as innovative value-added services.
John King, managing director of PSL Group, said: “Becoming part of the Rhenus group enables us to present new opportunities and services to our clients. With our joint experience, international contacts and expertise in road freight, there is significant scope for growth.”
On the acquisition, David Williams, managing director of Rhenus Logistics Limited added: “The PSL Group acquisition is an important point of growth for the Rhenus UK portfolio, and we are delighted that we can share this exciting news.”
“There is a unified goal to ensure the acquisition is not only a success for all parties but also to enable Rhenus to further solidify its place within the forwarding sector. The next few months will be a crucial time for both companies as new projects arise and the two teams begin working together.”