Mutares acquires Q-Logistics

Mutares invests in companies with small profits and revenues of €50-500m that can benefit from a buy-and-build strategy.

The vendor is Austrian Federal Railways, which has been operating since 2005. The state-owned company first floated the possibility of selling the division in 2011, when it generated an annual turnover of €170m but was not profitable. The intention to sell was restated in March 2019, according to a report by OÖNachrichten. The business made losses in excess of €20m in 2017 and 2018, according to the report.

The deal is expected to be completed by the first quarter of 2020.

Company
Q-Logistics provides cross-border transport logistics and warehousing services in Austria. It is active in general cargo, as well as charter, and serves customers from various sectors, including the food, pharmaceutical and fast-moving consumer goods industries.

In 2018, Q-Logistics generated sales of around €250m. It employs a total of 920 people and operates a subsidiary in the Czech Republic.

People
Mutares – Robin Laik (CEO).

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• Carve-out