AIT Worldwide Logistics has entered into a binding agreement to acquire Lubbers Logistics Group, a European logistics company specialising in high-value, complex, and time-sensitive transport services.
The purchase support AIT’s expansion and enhance its offerings in road transportation, freight forwarding, and project cargo logistics, particularly in the energy sector.
Headquartered in Schoonebeek, Netherlands, Lubbers has more than 377 employees working across nine road transport hubs and nine freight locations, with a network of facilities throughout Europe.
“Lubbers’ robust one-stop shop approach and their long-standing relationships with industry-leading customers make them an excellent fit for AIT,” said AIT’s chief business officer, Greg Weigel. “We see significant potential for their broad network by growing freight forwarding operations and energy sector expertise to further enhance AIT’s world-class customer experience.”
Lubbers’ network will add 18 new offices to AIT’s existing global network of more than 125 locations, while expanding AIT’s footprint to four new countries: Denmark, Norway, Romania and Türkiye. Lubbers also has facilities in Germany, Italy and the UK.
AIT’s acquisition of Lubbers is expected to be finalised by the end of 2023 and will be subject to obtaining customary regulatory approvals. Terms have not been disclosed.
