Two capital investors, LBO France and Siparex, have acquired a minority stake in the FlashGroup, the European specialist for urgent transports.
LBO France and Siparex are both long-standing renowned mid-market capital and growth investors,which support Flash with capital and financial expertise to help implement the logistics company’sambitious plans. In doing so, the company targets a healthy mixture of acquisition and organicgrowth.
“With Siparex and LBO France we have found reliable partners, who supply us with the parametersrequired for the expansion of our activities,” explained CEO Philippe Higelin. The size of theirinvestment was not disclosed, but the company stressed that the new shareholder structure will notcause any changes for customers and business associates of the Flash Group.
The investment sets the course for further internationalisation and growth, Flash Europe stated.This is a logical step “since a large part of the positive business development is attributed toour international business and the expansion of our services for the pharmaceutical industry inFrance. The capital is required to reach our ambitious goals that we have set for the comingyears,” Higelin emphasised.
The Flash Group now already operates on an international level, offering its customers anextensive network in 78 countries. The company is currently represented by its own offices in 11countries throughout Europe and additional branch offices are planned in the near future.
“This ensures we are able to cater to the local needs of our customers, are on site and speakthe local language,” says Philippe Higelin, highlighting the advantages for customers. An integralpart of this growth is the development of multimodal transports. The company thus recently opened anew air freight office at the key cargo hub of Frankfurt and intends to expand its activitieswithin this service area. “We want to offer our customers services from one single source,” addedFrederik Luz, Managing Director Central Europe.
After generating revenues of €82 million last year, the Flash group is targeting over 300,000special deliveries in 2010. With 360 own employees, Flash has access to more than 4,000 vehiclesand 600 aircrafts and works together with approximately 1,500 long-standing and reliablepartners.
