- Published: 03 July 2008 03 July 2008
REpower Systems AG has made its long-time logistics partner Schaumann GmbH & Co KG an offer to purchase its assets..
In the medium term, REpower expects a competitive advantage from integrating the logistics acquisition into its business model due to increased flexibility with regard to shipments, which will also contribute towards a reduction of costs. Both parties have agreed to maintain confidentiality regarding the purchase price. Originally, the owner-operated heavy-load carrier business was due to shut down at the end of July. The planned transaction envisions the transfer of the vehicle fleet, the other operating assets and the carrier's team of employees to a yet-to-be-established wholly owned subsidiary of REpower Systems AG. For this purpose, the staff members are to receive an offer to maintain their contracts within the new company. Furthermore, REpower shall assume existing rental agreements made by Schaumann. Among other things, the agreement is subject to an expert evaluation of the Schaumann vehicle fleet and is to be completed by the end of August, at the latest.