Press release
C.H. Robinson Announces Agreement to Sell its European Surface Transportation Business to sennder Technologies GmbH
Driving Strategic Focus on its Core Business EDEN PRAIRIE, Minn.--(BUSINESS WIRE)-- Global logistics leader, C.H. Robinson Worldwide, Inc. (“C.H. Robinson”
About this update from C.h. Robinson Worldwide, Inc.
[{"type":"text","content":"\nDriving Strategic Focus on its Core Business\n\n\n EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--\nGlobal logistics leader, C.H. Robinson Worldwide, Inc. (“C.H. Robinson” or the “Company”) (Nasdaq: CHRW) announced today that it has made the strategic decision to sell its European Surface Transportation business (EST) to sennder Technologies GmbH, the leading digital road freight forwarder in Europe (“sennder”). This move is part of the Company's enterprise strategy to get fit, fast and focused and to drive focus on profitable growth in its four core modes – North American truckload and less-than-truckload and global ocean and air – as the engines to create the most value for its stakeholders.\n\n\n“To win, we need to focus on what sets us apart and build upon our competitive advantages,” said C.H. Robinson President and CEO Dave Bozeman. “Europe remains an important strategic market for us, and we are committed to our global forwarding and managed services presence there. This clarity of investment in the region is important for the long-term success of our business and employees as well as the value and impact we can offer our customers and carriers. I am convinced that sennder will be a great home for the EST business and will provide good continuity of service to EST customers.”\n\n\nAs an employer of choice in Europe and a global, industry-leading logistics provider, C.H. Robinson remains focused on delivering customer value through exceptional service and innovative solutions from its European Global Forwarding and TMC teams. The Company will continue to invest in key trade lanes, products, and technology within the region.\n\n\nThrough this transaction, the EST operations of C.H. Robinson will become part of sennder, unlocking significant growth opportunities for both companies and delivering improved service offerings and digital capabilities.\n\n\nDavid Nothacker, CEO of sennder, said, “This acquisition will be pivotal in advancing sennder’s roadmap. With its vision to accelerate global trade to deliver products and goods that drive the world’s economy, C.H. Robinson aligns strongly with sennder’s mission and values to create an efficient and sustainable road freight network in Europe. We are deeply impressed by the European Surface Transportation team from C.H. Robinson, and with our combined business and enhanced talent pool...