sennder Technologies GmbH announced today that it has reached an agreement to acquire the European Surface Transportation (EST) operations of global logistics provider C.H. Robinson. C.H. Robinson is one of the world’s largest logistics providers with USD 22 billion in freight under management and 20 million shipments annually. Through this transaction, EST will become a part of sennder, creating one of the largest Full Truck Load (FTL) providers in Europe with a combined revenue of EUR 1.4 billion and a team of 1,700 employees.
The acquisition is expected to accelerate sennder’s vision of creating an efficient and sustainable road freight network in Europe, essential for driving the European economy. The combined business will also unlock significant growth opportunities by providing improved service offerings and digital capabilities, offering EST customers access to sennder’s proprietary platform, sennOS.
David Nothacker, CEO of sennder, stated, “This acquisition will be pivotal in advancing sennder’s roadmap and accelerating our European expansion in road freight. We are deeply impressed by the EST team from C.H. Robinson and are excited to welcome them to the sennder family.”
David Bozeman, President and CEO of C.H. Robinson, also expressed confidence in the strategic decision, saying, “I am convinced that sennder will be a great home for the EST business and will provide good continuity of service to EST customers. We are proud of the potential for growth and opportunity that this transition brings for the EST team.”
The transaction is expected to close in Q4 2024, subject to corporate structuring, mandatory employee consultations, and applicable merger control proceedings. sennder was advised by Evercore and Taylor Wessing on the financial and legal sides, respectively. The terms of the transaction were not disclosed.
About sennder: sennder is a digital road freight forwarder in Europe, offering shippers access to a connected fleet of thousands of trucks. The company deploys over 40,000 trucks across Europe and has a team of over 1,000 people. With its proprietary technology, sennder is creating an ecosystem that leads the industry into the 21st century with enhanced transparency, efficiency, and sustainability.
About C.H. Robinson: C.H. Robinson is one of the original logistics leaders, managing $22 billion in freight annually. The company provides tailored solutions for the seamless delivery of goods across industries and continents, utilizing various modes of transportation. C.H. Robinson is committed to sustainability and contributes to causes that matter to its employees.
