Waberer’s closes acquisition of Polish peer
Hungarian road haulage company Waberer’s has closed the acquisition of its Polish peers Link and Link Services for a combined EUR 32.5 million, which the Hungarian company financed from its own resources, according to a press statement sent to the Budapest Business Journal.
The acquisition was announced in May, and, as planned, Waberer’s said it was financed from the proceedings of the firm’s recent IPO on the Budapest Stock Exchange. The approval for the aquisition was given by the competition authorities of Poland and Germany.
“We continue to see great opportunities in the growing European road transportation industry and believe that our acquisition of Link will reinforce Wabererʼs prime position in the market and strengthen our ability to actively lead the marketʼs consolidation process,” said Wabererʼs CEO Ferenc Lajko, according to Hungarian news agency MTI.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.