Feature, Forwarding, Freight News, Logistics

High-flying Rhenus acquires aerospace specialist

[ February 10, 2020   //   ]

The Rhenus Group has launched operations in the aeronautics market through its acquisition of Spanish logistics specialist, LTK, which was finalised on 27 January.

Madrid-headquartered LTK specialises in providing logistics solutions for the aerospace and automotive sectors, with customers including the Airbus Group and Alestis Aerospace, offering warehousing, supply chain management, procurement, return and replacement part logistics, quality checks, industrial handling and aircraft ground handling. The logistics specialist performs more than 110,000 technical checks for its customers every year, with its facilities in Cádiz and Seville supplying the production sites of Airbus since 2004.

As well as Madrid, locations across Spain include Álava in the Basque region, Andalusia, Seville and Cádiz, operating over 26,000sq m of warehousing.

Managing director of Rhenus Warehousing Solutions Europe, Andreas Plikat, said: “LTK’s warehouse sites will form the basis for the further expansion of Rhenus Warehousing Solutions in Spain. Working together, we hope to tap into growth opportunities in the Spanish aerospace sector. We can also launch operations in the European aeronautics market through the newly acquired expertise and the support of LTK.”