CH Robinson Worldwide has announced that it has agreed to acquire Polish freight forwarder Apreo Logistics, conditional on clearance from the Polish Office for Competition and Consumer Protection.
Apreo provides truckload services including dry van and temperature controlled and liquid and dry bulk capabilities, while also offering additional warehouse, air and ocean services.
Details of the transaction have not been disclosed, but CH Robinson said in a release that Apreo had shown 'significant growth' over the past several years, with current gross revenues over US$100m while servicing more than 2,000 customers.
"This acquisition expands CH Robinson's presence in Europe and supports our goals to strengthen our capabilities in our core business and further diversify our modal offering, both of which benefit our European and global customer base," said Bryan Foe, president of CH Robinson Europe.
The decision to acquire Apreo is the latest in a series of moves for the company in Europe – previously, the company named Bryan Foe president of European operations and opened an office in Rotterdam, the Netherlands, which focuses on temperature controlled transportation.
"We are taking a long-term approach towards Europe and feel now is a good opportunity to increase our commitment to the region," said John Wiehoff, CEO and chairman of CH Robinson. "The agreement to acquire Apreo supports our strategy of making continued investments in our business within the continent."