Culina Group subsidiary Stobart Europe has acquired German automotive logistics firm Suloja Autotransporte GmbH for an undisclosed sum, as it looks to strengthen its presence in the European automotive logistics sector.

Announcing the deal Stobart Europe, which has its headquarters in Genk in Belgium, said Suloja Autotransporte GmbH is a mid-size player in automotive logistics in Germany, with a ”profitable business” which delivered a €6.8m (£5.8m) turnover in 2023, adding the firm has “excellent potential for further growth.”

It added that not only will the move further strengthened Stobart Europe’s position in the European automotive logistics sector but will also see Suloja Autotransporte GmbH benefit from group ownership, providing investment and job retention ”whilst bringing an entrepreneurial spirit.”

Culina Group has an overall turnover of more than £2.2bn, around 22,000 employees at peak, over 20 million sq ft of warehousing and a joint fleet of more than 5,000 vehicles.

Raf Hustinx, Stobart Europe chief executive said: ”Suloja Autotransporte GmbH and Stobart Europe are complementary businesses. Both businesses are strong organisations with well-earned reputations in the automotive logistics sector.

”It’s an acquisition that will be beneficial for all staff and clients, and one that will strengthen the Stobart Europe position as a key player in European automotive logistics.”

 Suloja Autotransporte GmbH, which has its headquarters in Monchengladbach, specialises in a range of diverse automotive logistics solutions and has over twenty five years of experience in the sector.

The company employs around thirty staff and operates a specialist fleet of twenty vehicles that in 2023 transported over 35,000 vehicles across Germany.

Stobart Europe, which joined the Eddie Stobart group in 2012, said its primary aim is is to expand its European automotive logistics business whilst ensuring that current and prospective customers continue to benefit from market-leading levels of service.

 

 

 

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