DGAP-News: Logwin AG / Key word(s): Disposal
Logwin AG: Logwin sells media logistics to Ohl (news with additional
features)
04.03.2015 / 17:32
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Press Release March 4, 2015
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Logwin sells media logistics to Ohl
Seevetal-Maschen / Grevenmacher - International logistics group Logwin
sells its subsidiary Logwin Solutions Media GmbH to logistics group Ohl. A
share purchase agreement has been signed today.
Logwin Solutions Media GmbH specialises in providing forwarding services to
Germany's national newspaper and magazine publishing houses. In 2014, the
company achieved a turnover of 77m Euros. Revenues from media logistics
have declined due to significant losses in volume resulting from
digitalisation affecting sales of newspapers and magazines negatively over
the last years. At the end of 2014, the company employed 113 employees at
its locations in Hamburg, Berlin, Cologne, Mörfelden and Weiterstadt.
Logwin had acquired the media logistics business from Axel Springer Group
in 2002.
Ohl logistics group was founded in 1946 and is a specialist for integrated
logistics solutions for print, media and travel businesses. Ohl operates 19
locations in Europe with approx. 600 employees. Ohl group partners with
more than 500 publishing houses and delivers some 2,700 different
newspapers and magazines to retail outlets in Germany.
Logwin AG implements efficient logistics and transport solutions for its
industrial and retail customers. The group is active in all relevant
markets worldwide and operates 180 owned locations on six continents. Each
of Logwin AG's business segments Solutions and Air + Ocean is a leading
player in the market.
Contact:
Martina Nehls
c/o STROOMER PR | Concept GmbH
Rellinger Str. 64a
20257 Hamburg
Phone: +49 (40) 85 31 33-292
pr-info@logwin-logistics.com
Contact:
Public Relations
P: 00352/719690-1354
F: 00352/719690-1359
pr-info@logwin-logistics.com
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Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=MDUEFIHGKO
Document title: Logwin sells media logistics to Ohl
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04.03.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Logwin AG
an de Längten 5
L-6776 Grevenmacher
Grand Duchy of Luxembourg
Phone: +352 719 690 0
Fax: +352 719 690 1359
E-mail: ir-info@logwin-logistics.com
Internet: www.logwin-logistics.com
ISIN: LU0106198319
WKN: 931705
Indices: Prime All Share (PXAP), Classic All Share (CLXP),
DAXsector All Transportation & Logistics (4N87), DAXsector
Transportation & Logistics (CXPL), DAXsubsector All
Logistics (4N99), DAXsubsector Logistics (I1LB)
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News-Service
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329981 04.03.2015
DGAP-News: Logwin AG: Logwin sells media logistics to Ohl (news with additional features)
| Source: EQS Group AG