DHL Supply Chain has acquired 100% of shares in Italian logistics provider MITSafetrans. The move will add approximately 20 operating sites to the DHL Supply Chain network in Italy, boosting its overall presence to 60 sites and more than 800 employees. It is the second purchase of its type by DHL in Italy after the company acquired Eurodifarm in 2011. Both parties have agreed to keep the purchase price confidential.
Eddy De Vita, president and CEO of DHL Supply Chain Italy, said, “The acquisition’s strategic value is twofold for us. On one hand it allows us to extend our services, competencies and targets. On the other, it allows us to transfer the know-how we have developed in highly specialized and innovative niches into all the other sectors, further fostering our leading position. We are now aiming to assert ourselves as an operator with the largest portfolio of added-value services capable of satisfying the most demanding companies. The realization of this project further confirms the trust Deutsche Post DHL Group has in Italy.”
MIT, established in 1983, specializes in operating in niche markets such as the hi-tech, pharmaceutical, banking and vending sectors. The company’s distribution network provides highly specialized pre- and post-delivery equipment services, ranging from commissioning magnetic resonance machines to Biolab services for the sanitation of medicinal products. MIT also distributes life-saving products such as radiopharmaceuticals. In 2015, the company reported revenues of 48m (US$53.7m) and earnings before interest, taxes, depreciation, and amortization (EBITDA) of 6m (US$6.7m).
Emilio Mondelli, founder and chairman of MIT, said, “We are very proud to become part of DHL Supply Chain. Our company is the result of a venture that began over 30 years ago, resulting in the creation of a niche operator and market leader in Italy. In DHL Supply Chain we have met the same entrepreneurial style that distinguishes us and will bring us great opportunities for growth as well as innovations due to the resources and logistic market competencies of DHL Supply Chain.”
The purchase agreement will see MIT maintain its management independence and current distribution structure. The entity will also retain its membership of the leading specialized European high-tech network, TENESO, of which MIT is a founding member. DHL Supply Chain recognizes the company’s capacities and competencies and has fully confirmed its confidence in the current management team led by Marco Crenna.
October 5, 2016
