The future of Hellmann Worldwide Logistics’ UK operation has not yet been ensured, with its German parent company still locked-in discussions with its lenders over a refinancing deal. As reported by Motortransport.co.uk in May, parent company Hellmann Worldwide Logistics GmbH is in negotiations with 11 funding partners about a €159m (£125m) loan, which makes up 40% of the group’s total borrowing. The refinancing was set to be completed by August last year. It was then put back until the end […]
The German parent company of logistics firm Hellmann Worldwide Logistics has pledged to back its UK division until “at least” September 2020, after the Lichfield-based firm saw its operating loss almost double last year.
Mergers and acquisitions (M&A) activity in the transport sector throughout the world is predicted to rise for the fourth consecutive year, according to a report from KPMG.
The future of Hellmann Worldwide Logistics rests on the success of a major refinancing deal being negotiated by its German parent company, the 3PL’s auditor KPMG has warned.