German international shipping and container transportation giant Hapag-Lloyd is expanding into the UK logistics market with the acquisition of London Gateway-based logistics firm ATL Haulage Contractors (ATL).

The private company, which also has a depot in Southampton, is already a logistics partner of Hapag-Lloyd. Established in 2008, it operates a fleet of 200 trucks and 250 trailers, of which 100 are owned by dedicated subcontractors .

Under the deal ATL will remain an independent company and brand and will continue to be run by the existing management team.

Hapag-Lloyd operates a fleet of 64 modern ships and transports 11.8 million twenty-foot equivalent units (TEU) a year, It employs 13,500 employees in more than 398 offices in 135 countries. 

Announcing the purchase Hapag-Lloyd said: “The acquisition of ATL, and working together with our other existing hauliers, enables us to deliver on our commitment to provide our customers with a first-class multimodal service.”

ATL said: ”The deal will combine the global strength of Hapag-Lloyd with ATL’s local knowledge and expertise to leverage untapped synergies and develop market-leading transport solutions for clients. 

”The acquisition will allow Hapag-Lloyd to build its presence in the inland container sector to deliver its commitment to providing clients with first-class multimodal service.”

In its most recent financial results for the year to 31 December 2022, ATL said it had experienced “unprecedented demand”, reporting a leap in revenue to £41.9m (2021: £28.8m) with pre-tax profit more than doubling to £2.6m (2021: £917,623) in the period.