Imperial Logistics International has sold its 90 percent stake in Multinaut Donaulogistik Gesellschaft to Peter Jedlicka, the inland waterway specialist’s managing director.

Jedlicka sold the shares to Imperial in 2008. As a result of this latest transaction he is once again the sole owner of the business.

With a fleet of 25 vessels, ranging from 750-2,900 tonnes capacity, Multinaut provides inland waterway services on the Rhine-Main-Danube system from its bases in Vienna, Austria and Regensburg, Germany. As well as pre-carriage, on-carriage and handling, Multinaut provides project logistics services.

The sale of Imperial’s majority stake in Multinaut follows its recent agreement to sell its Imperial-branded European inland waterways shipping business to HGK.

Hakan Bicil, ceo at Imperial Logistics International, said: “As previously advised to customers, staff and investors, inland waterway shipping does not fit into Imperial’s future development strategy, which is focused on growing our existing logistics activities in automotive, healthcare, consumer, chemicals and industrial – as well as expanding our international freight management footprint, and leveraging our unparalleled presence in African markets.

“We are therefore delighted to place the control of Multinaut back in the hands of the person who knows the business best, and who is therefore best placed to maximise its future potential.”