Business, Forwarding, Freight News

Rhenus to buy Hungary’s ITS Logistics

[ September 14, 2023   //   ]

German forwarder Rhenus is to acquire ITS Logistics Hungary KFT, subject to Foreign Direct Investments (FDI) screening. The company is a long-time partner of Rhenus, and is based in Vecsés, just on the outskirts of the capital Budapest. It is mainly focused on air freight forwarding services and customs clearance operations. Sea freight, road freight and rail freight are also part of the service portfolio. The acquisition follows Rhenus’ integration of Croatian logistics provider, Trans Integral.