Dachser, the German logistics company, has taken a significant stride in expanding its Food Logistics network in Europe with the acquisition of Frigoscandia AB, a leading full-service provider in temperature-controlled and frozen food logistics based in Helsingborg, Sweden. The move, subject to European competition authorities’ approval, is expected to be finalized in the first quarter of 2024.
Broadening Geographic Coverage
Dachser’s acquisition of Frigoscandia AB from private equity investor Mutares SE & Co.KGaA aims to bolster the European Food Network’s geographic coverage. Frigoscandia, founded in 1948, has become the Nordic region’s go-to provider for temperature-controlled and frozen food logistics, boasting a robust network in Sweden, Denmark, Norway, Finland, and the Netherlands.
Three Pillars of Expertise
Frigoscandia’s extensive services comprise three key business segments:
- Domestic transport Sweden: Operating with a fleet of around 500 vehicles, including 260 owned vehicles, it provides nationwide transportation.
- International transport: Covering 51 global markets through road, air, and sea transports.
- Warehousing: With 12 warehouses in Sweden and 3 in Norway, Frigoscandia ensures efficient storage and distribution.
A Strategic Partnership
The synergy between Dachser and Frigoscandia became evident when the latter joined the European Food Network in 2019. The partnership has flourished, reflecting a shared commitment to reliability and quality in food logistics, especially in Northern European markets.
CEO’s Perspective
Burkhard Eling, CEO of Dachser, expressed pride in elevating the strategic partnership, stating, “We are not only broadening our own Dachser Food Logistics to the Nordic markets, but also reinforcing our position as one of the leading European providers in food logistics.”
Seamless Integration
Upon completion of the transaction, Frigoscandia will be fully integrated into the Dachser Food Logistics Network, reporting to Alexander Tonn, COO Road Logistics, and Managing Director of Dachser Food Logistics. This move is expected to accelerate Dachser’s growth, particularly in the Nordics.
CEO Continuity
Peter Haveneth, CEO of Frigoscandia, will continue to lead the company along with his management team. Haveneth highlighted the natural progression of the ownership change, aligning with Frigoscandia’s business plan to fortify its network and prepare for the future within Dachser’s strategic orientation.
No Impact on Existing Structures
The acquisition will not disrupt the European Food Network in Denmark or the Netherlands, as Denmark will continue to be served by H.P. Therkelsen, and Müller Fresh Foods Logistics will maintain its role in the Netherlands. This strategic move ensures no duplicate structures and a seamless transition of Frigoscandia employees to Dachser.
Expanding Presence in Nordic Markets
Dachser, already active in Nordic markets since 2005, will further expand its presence with the inclusion of Frigoscandia. With 13 branches across Denmark, Sweden, Finland, and Norway, Dachser’s employee count in the region is expected to reach approximately 2,000, including the Frigoscandia team.
The acquisition of Frigoscandia aligns with Dachser’s commitment to organic and sustainable growth, reinforcing its position as a key player in European food logistics.
