The private shareholders of Avant Air and Sea Ltd. have sold the company to Rhenus Group. Financial details have not been disclosed.
Avant Air and Sea, which has its headquarters in Dublin, is a leading logistics company on the island of Ireland and has been providing sea and air freight services and cross-border services for imports and exports since 1990. Additionally, the company operates branches in Shanghai and Hong Kong. Avant Air and Sea is an Authorised Economic Operator (AEO) and is also certified according to the Dangerous Goods (DG) and Good Distribution Practice (GDP) guidelines published by IATA. In future, the company will operate within the Rhenus Group under the name Avant Rhenus.
The Rhenus Group is a logistics services provider, with global business operations and an annual turnover of US$5.5 billion. Rhenus has business sites at 610 locations worldwide and employs 29,000 people. The group, with four business areas – contract logistics, freight logistics, port logistics and public transport – manages complex supply chains and provides a wealth of innovative value-added services.
David Warren, Managing Director at Avant Air and Sea Ltd., said: “We’ve found a customer-oriented partner in the Rhenus Group and it will enable us to continue developing our services for our existing and future customers due to its global network and its comprehensive expertise.”
Oaklins’ team in Ireland acted as the exclusive M&A advisor to the seller in this transaction. Our team in Germany assisted in finding the successful buyer.
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