Rhenus Logistics Acquires PSL Group

Leading international forwarder, Rhenus Logistics has acquired European road freight specialists, PSL Group.

With a head office in Maldon, Essex and six additional offices across England, PSL’s locations bring an increase in freight volumes, “facilitating faster growth and providing a unified approach to both businesses”.

PSL Group’s portfolio adds an established Scandinavian service through the SkanTrans PSL brand, high volumes of European mainland distributions and a 24/7 customs clearance operation in Dover. It says this further strengthens the company’s market position at a time of uncertainty around Brexit.

David Williams, managing director of Rhenus Logistics Limited, comments: “There is a unified goal to ensure the acquisition is not only a success for all parties but also to enable Rhenus to further solidify its place within the forwarding sector. The next few months will be a crucial time for both companies as new projects arise and the two teams begin working together.”

John King, managing director of PSL Group, added: “Becoming part of the Rhenus group enables us to present new opportunities and services to our clients. With our joint experience, international contacts and expertise in road freight, there is significant scope for growth.”