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Dachser grows through acquisitions

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Group revenue increased by 13 percent in 2024.  Record investments totaling around EUR 490 million. Almost EUR 400 million in additional investments planned for 2025.Contract logistics grew by almost 720,000 additional pallet spaces.

HONG KONG, April 7, 2025 /PRNewswire/ — Global logistics provider Dachser grew significantly in 2024, with sales growth of 13 percent lifting revenue above the 8 billion mark to EUR 8.027 billion. The family-owned company also recorded significant year-over-year increases in other key figures such as headcount (+3,300), locations (+56), and pallet spaces in its warehouses (+720,000).

This growth is largely due to the acquisitions of DACHSER & FERCAM Italia, Frigoscandia, and Brummer, which will appear on the balance sheet for the first time in 2024. In purely organic terms, i.e., excluding acquisitions, Dachser grew by 4.7 percent compared to the previous year. This was driven by resilience in its European groupage network and rate increases in air and sea freight. Transported volumes rose by 7.6 percent to approximately 83.2 million shipments, while tonnage increased by 10.2 percent to some 44.1 million.

Business development would have been more dynamic, but there was a lack of growth impetus from Germany and Europe: “High costs, weak industrial production, and a decline in personal consumption have also had an impact on our business. Moreover, the many crises we face around the world today have been a constant stress test for our customers, and hence also for us,” says Burkhard Eling, Dachser CEO.

Investing during the crisis strengthens competitiveness

Dachser used its financial stability and strength to make significant investments. In 2024, the logistics provider doubled its year-over-year expenditure on company acquisitions, network locations, its workforce, digital innovation, and climate action, such as the expansion of e-mobility, to some EUR 490 million. Additional investments of almost EUR 400 million in Dachser’s network are planned for 2025. “Those who act during a downturn to invest wisely and consistently will enter the next upturn with the wind in their sails,” Eling says. “In the past, we’ve emerged stronger and more competitive from crises by following this countercyclical business policy. That will happen again this time around.”

Dachser’s workforce grew in 2024 by more than 3,300 people to a total of approximately 37,300. The number of locations increased by 56 to 433 worldwide. This also reflects the previous year’s acquisitions in Italy, Northern Europe, Germany, and Austria. The joint venture in Japan, which was launched in 2024, has also been included for the first time.

Business development in detail

Dachser’s Road Logistics business field—which comprises the transport and warehousing of industrial and consumer goods (European Logistics) and food (Food Logistics)—increased its revenue by 10.9 percent to EUR 6.4 billion in 2024.

The European Logistics business line increased its revenue by 8.1 percent to around EUR 4.8 billion. The number of shipments handled rose by 6.5 percent and tonnage by 2.8 percent. Developments at Dachser’s European business units were driven by high cost pressure in key industries, growing price sensitivity among customers, and intensified competition due to weak demand for transport and warehousing. “The fact that we were able to grow not only through acquisitions, but also organically in a stagnating market, illustrates the trust our customers place in the high reliability and quality of our network,” Eling says.

The Food Logistics business line has taken on a new European dimension thanks to the integration of Müller in 2023 and of Frigoscandia and Brummer in 2024. Revenue increased by exactly 20 percent to some EUR 1.7 billion, shipments grew by 14.3 percent to approximately 12.4 million, and tonnage rose by 31.5 percent to some 13.9 million metric tons. Eling says: “We’ve acquired companies that have successfully opened up business areas beyond fresh food logistics, that address additional customer segments and markets in Europe, and not least that have significant truck fleets of their own. All of this is part of our new strategic market positioning for Dachser Food Logistics.”

Revenue in the Air & Sea Logistics business field rose by exactly 22 percent to around EUR 1.6 billion in 2024. Here, Dachser benefited mainly from short-term special developments that caused freight rates in air and sea freight to rise. These include the crisis with capacity bottlenecks on the Red Sea and the e-commerce business between China and Europe.

Contract logistics, or the combination of transport, warehousing, and customer-specific value-added services, also played an important role in Dachser’s growth strategy in 2024. Expansion investments together with the capacity of the acquired companies increased the number of pallet spaces by around 720,000 to a total of 3.8 million. Dachser customers can now take advantage of warehouse services at 190 locations worldwide.

Eling expects 2025 to be another highly challenging year for logistics, with only limited growth stimulus from Europe. “We can see that economic performance in Europe is largely stagnating and is accompanied by capacity adjustments, some of them painful. This also means that we have to deal with transformation processes in key industries such as the automotive industry and energy-intensive sectors such as the chemical industry.” Moreover, there are increases in global uncertainties and the danger of economic slumps due to protectionism, the threat of tariffs and counter-tariffs, as well as geopolitical conflicts.

Against this backdrop, it’s important for Dachser to achieve growth outside Europe. “We will increasingly focus our attention on strengthening our presence in the Americas and Asia and connecting these markets with our unique competitive advantage: our European groupage network. Because the broader our global footprint, the greater our resilience,” Eling says.

Overview of revenue:

Net revenue in EUR million

2024
(provisional)

2023

Change in 2024
vs. 2023

Road Logistics

6,440

5,806

+10.9 %

European Logistics

4,785

4,426

+8.1 %

Food Logistics

1,655

1,380

+20.0 %

Air & Sea Logistics

1,587

1,300

+22.0 %

Group

8,027

7,106

+13.0 %

Further press releases from Dachser can be found here: https://www.dachser.com/en/mediaroom/index

In the DACHSER magazine, you will regularly find up-to-date reports, articles, and interviews on topics that concern us today and tomorrow: magazine.dachser.com

About Dachser

Dachser, a family-owned company headquartered in Kempten, Germany, provides transport logistics, warehousing, and customized services in two business fields: Dachser Air & Sea Logistics and Dachser Road Logistics. The latter consists of two business lines: Dachser European Logistics and Dachser Food Logistics. Comprehensive contract logistics services and industry-specific solutions round out the company’s range. A seamless shipping network—both in Europe and overseas—and fully integrated IT systems ensure intelligent logistics solutions worldwide.

Thanks to some 37,300 employees at 433 locations all over the globe, Dachser generated consolidated net revenue of approximately EUR 8 billion in 2024. The same year, the logistics provider handled a total of 83.2 million shipments with a tonnage of 44.1 million metric tons. Country organizations represent Dachser in 43 countries. For more information about Dachser, please visit dachser.com

In the DACHSER magazine, you will regularly find up-to-date reports, articles, and interviews on topics that concern us today and tomorrow: magazine.dachser.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/dachser-grows-through-acquisitions-302421570.html

SOURCE Dachser

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XCMG Crane Showcases Six European-Tailored Models at bauma 2025, Secures Bulk Orders with Sustainable Innovation

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MUNICH, April 11, 2025 /PRNewswire/ — At bauma 2025, the world’s leading construction machinery trade fair, XCMG Crane made a resounding statement about its commitment to the European market by unveiling six cutting-edge crane models, engineered specifically for European demands. With a focus on sustainability, intelligent design, and localized solutions, XCMG Crane demonstrated its role as a trusted partner in Europe’s green transition and urban renewal initiatives.

Among the tailor-designed innovations, key highlighted models include:

XCA60_EV: The World’s First Hybrid All-Terrain Crane, features an in-house-developed oil-electric hybrid system, cutting carbon emissions by 40%. Equipped with a 400V plug-and-play electric system for zero-emission lifting, the XCA60_EV combines a 170KW electric motor with a dual-engine transport system (400KW total power) for optimal fuel efficiency.

Compact and Intelligent Cranes that were built on XCMG’s G2 technology platform, excels in narrow urban environments. The XCA80G7-1E provides compact design with a 60m boom and dual-hook coordination for urban projects, while the XCA250G7-1E features remote-control operation for single-operator efficiency, and innovative telescoping systems for restricted sites.

The European Customized Rough-Terrain Cranes, the XCR50_E, the ultra-narrow, 2.5m width design meets EU transport norms, along with the XCR70_E and XCR90_E, which proved its robust performance in Turkey’s gas power projects, featuring eco-friendly hydraulic systems and fuel-saving torque converters.

Yang Dongsheng, Chairman of XCMG Machinery, reinforced the Company’s In Europe, For Europe strategy, “We’re committed to being a key enabler of Europe’s sustainable, smart infrastructure future.”

The strategy paid dividends at bauma 2025, with XCMG securing bulk orders from German, French, and Dutch clients for its hybrid and compact models. These deals underscore Europe’s endorsement of XCMG’s tailored solutions and green transition roadmap.

The general manager of a Dutch lifting and transportation company, along with their operator team, highly commended XCMG cranes during the bauma 2025: “XCMG’s G2 series cranes showcased impressively humanized engineering—their panoramic wraparound windshield and sunken control console layout boosted operational visibility by over 40%.”

The client also highlighted that XCMG products demonstrate world-class manufacturing expertise in details, such as hydraulic pipeline arrangement, centralized lubrication systems, welding seam craftsmanship, and structural component tolerance control, fully complying with European standards.

“From operational ergonomics to equipment reliability, XCMG cranes have won over our technical team with exceptional performance. They will be our preferred brand for future procurement,” commented by the team.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/xcmg-crane-showcases-six-european-tailored-models-at-bauma-2025-secures-bulk-orders-with-sustainable-innovation-302426964.html

SOURCE XCMG Crane

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Vitesse Systems Welcomes Rollin Hughes to Drive Growth in Space and Ground Antenna Solutions

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Vitesse Systems has been at the forefront of providing technical solutions that enable the most demanding aerospace and defense applications. We specialize in the end-to-end manufacturing of mission-critical components and assemblies supporting electronic warfare, radar, and next-generation communications across air, ground, sea, and space.

NEWARK, Calif., April 11, 2025 /PRNewswire-PRWeb/ — Vitesse Systems, a leading provider of mission-critical components and assemblies for the space and defense industries, today announced the strategic appointment of Rollin Hughes as its new Business Development Executive. With over 25 years of robust experience in selling and supporting both government and commercial clients within the microwave and satellite solutions sectors, with a particular focus on ground antenna applications including small mobile and fixed ground-stations with multi-band feeds, Hughes joins the Sales and Marketing team to further enhance Vitesse Systems market presence in this key area.

“We are thrilled to welcome Rollin Hughes to the Vitesse Systems team,” said Matt Alty, CEO of Vitesse Systems

Rollin Hughes brings extensive experience selling and supporting government and commercial customers to Vitesse Systems. Hughes began his distinguished career in aerospace and defense at Sikorsky Aircraft, subsequently broadening his expertise into electronic warfare, airborne downlinks, and covert audio and video products. Since 2005, his focus has been within the satellite communications sector, where he has excelled in selling leading-edge hardware to end-users, system integrators, and OEMs servicing both mobile and fixed air, land, and sea-based terminals. His deep knowledge extends to legacy, current, and developing GEO, MEO, and LEO satellite constellations, UHF/VHF tactical communications, and digital waveforms for both the Department of Defense and civilian agencies.

Rollin Hughes shared his enthusiasm for his new role, stating, “I am excited to contribute to Vitesse Systems’ continued growth and to address the evolving technical needs of the antenna market, especially in expanding our ground antenna solutions. I am particularly eager to grow our military business, where seamless communication across multiple assets is critical, including robust ground-based systems. I believe Vitesse’s testing and on-site engineering capabilities strongly position us for sustained success in the electronic warfare market and the delivery of advanced ground antenna technologies.”

“We are thrilled to welcome Rollin Hughes to the Vitesse Systems team,” said Matt Alty, CEO of Vitesse Systems. “His extensive experience and deep understanding of the satellite communications landscape, particularly his knowledge of various satellite constellations and tactical communication systems, coupled with his understanding of ground antenna requirements, will be invaluable as we continue to expand our reach and serve the evolving needs of our government and commercial customers. Rollin’s proven track record and customer-centric approach align perfectly with Vitesse Systems’ commitment to providing cutting-edge solutions.”

About Vitesse Systems

For over 55 years, Vitesse Systems has been a trusted partner in the aerospace and defense industries, providing advanced technical solutions for the most challenging applications. We specialize in the design, build, and test of critical solutions for electronic warfare, radar, and next-generation communications across air, ground, sea, and space. Headquartered in Newark, California, Vitesse operates facilities in California, Colorado, Maryland, Massachusetts, and Nevada. All Vitesse facilities are ITAR Registered and DFARS compliant, serving a broad 1 spectrum of aerospace and defense customers.

Media Contact

Matthew Parisi, Vitesse Systems, 1 5103993650, pr@vitessesys.com, vitessesys.com

View original content to download multimedia:https://www.prweb.com/releases/vitesse-systems-welcomes-rollin-hughes-to-drive-growth-in-space-and-ground-antenna-solutions-302426860.html

SOURCE Vitesse Systems

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Fintech Select Ltd. Announces Issuance of Restricted Stock Units to Management, Directors, and Employees

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TORONTO, April 11, 2025 /CNW/ – Fintech Select Ltd. (the “Company”) (TSXV: FTEC) is pleased to announce that it has approved the issuance of Restricted Stock Units (RSUs) to members of its management team, board of directors, and employees, subject to approval by the Toronto Stock Exchange (TSX).

The RSU grants are part of the Company’s strategy to attract, retain, and reward high-performing individuals while aligning their interests with those of shareholders. The RSUs will vest over a one-year period, contingent on continued service and in accordance with the terms of the Company’s equity incentive plan.

In total, three million and two hundred thousand (3,200,000) RSUs have been granted and allocated to executive management, non-executive directors, and employees. Final issuance is subject to the receipt of all necessary regulatory approvals, including that of the TSX.

The RSUs were granted under the Company’s Equity Incentive Plan, which was previously approved by shareholders.

About Fintech Select Ltd.

Fintech Select is a provider of robust and disruptive Pre-Paid Card programs and e-wallet payment solutions. Fintech Select has enabled these core assets, which operate through separate divisions to work together harmoniously, to create a new and ubiquitous environment for consumers and businesses alike. Fintech Select also operates an international call centre that provides fulfillment and customer service support to customers across all the company’s platforms. Our mission is to provide customers with choice, convenience and cost-effective ways to facilitate traditional and crypto financial transactions.

Follow us on:
https://www.facebook.com/FintechSelect
https://twitter.com/fintech_select
https://www.instagram.com/fintechselect
https://www.linkedin.com/company/fintechselect/ 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information:
This news release contains “forward-looking information” within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments, such as the Company’s ability to align its interests with that of its key directors, officers and management, may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release. Fintech undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of its securities, financial or operating results (as applicable) or prospects as to the effective implementation of strategies or initiatives or future revenue levels. Fintech disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

SOURCE Fintech Select Ltd.

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