The Hoyer Group has announced its intention to partner with Munich-based private equity firm AUCTUS Capital Partners in a major rebranding and investment plan.
Subject to the approval of the competition authorities, Hoyer said the transaction would trigger a strategic growth initiative to strengthen its global performance under the new brand name of Oxalis Logistics.
This would include an investment of more than €100m (£86.7m) into its infrastructure, assets and digitalisation.
The proposal would see a strategic adjustment in the company business models – Global Tank Logistics, Gas and Petroleum Logistics, Supply Chain Sustainability and Intermediate Bulk Containers.
Under the deal, the logistics specialist would hand over its regionally-based businesses of petroleum deliveries for service stations, airports and into-plane services together with regional bitumen logistics to AUCTUS Capital Partners.
Hoyer said the move would provide it with a financially strong partner that will support the further development of its activities to seize new and existing opportunities in the market.
The Hoyer workforce and service delivery to customers would remain unchanged, it added.
The UK remains a core market for the Group, Hoyer said, and the company would continue its activities with the exception of the respective regional petroleum deliveries and bitumen logistics operations.
The announced investment would also see Hoyer offering increased support to customers in the chemicals, gas, foodstuffs and mineral oil industries with logistics solutions across the supply chain.
“With our new partner we will be able to operate more flexibly and, should the competition authorities approve the deal, we will operate under a new name,” explained Allan Davison (pictured), director Hoyer gas & petroleum logistics.
“As a whole team, we remain committed to our clients and will continue to serve them to the highest standards, with quality, safety, efficiency and reliability remaining central to our focus.”
Added Hoyer chief chief executive Björn Schniederkötter: “Our investment measures will generate added value for all our global transport logistics businesses. Furthermore, with our strong regional representation, we support and understand customer requirements where they are located, bringing a combination of globally consistent standards and local know-how.
“With these investment measures and the further development of our business models, the Hoyer Group is following its principle of long-term sustainable orientation.”
Thomas Hoyer, chairman of the Advisory Board of the Hoyer Group said the announcment set the course for the company’s future: “As a family-managed business, we have always approached change in a strategic way,” he explained. “We think and act globally across our operations in terms of the needs of future generations both within Hoyer, our business ‘family’ of employees, for our customers and ultimately for their consumers. Under the new arrangement, we will be able to concentrate on the further development and direction of all our global activities.”
