Rhenus Group has finalised the acquisition of Spanish logistics company LTK.
Headquartered in Madrid, LTK also operates sites at Álava in the Basque region, Andalusia, Seville and Cádiz. It specialises in providing logistics solutions for the aerospace and automotive sectors and has more than 26,000 sq m of warehouse capacity available in the region.
In addition to warehousing, LTK coordinates supply chain management, procurement, return and replacement part logistics, conducts quality checks and provides industrial handling and aircraft ground handling services.
“LTK’s warehouse sites will form the basis for the further expansion of Rhenus Warehousing Solutions in Spain. Working together, we hope to tap into growth opportunities in the Spanish aerospace sector,” said Andreas Plikat, managing director of Rhenus Warehousing Solutions Europe. “We can also launch operations in the European aeronautics market through the newly acquired expertise and the support of LTK,” he added.