Ambitious logistics operator Europa Worldwide Group has today announced that it has acquired the specialist part and full load operator, Continental Cargo Carriers.
Privately-owned Europa, headquartered in Dartford, has bought Oostende headquartered Continental Cargo Carriers (CCC) which started its trailer freight activities in 1983.
Europa’s Managing Director, Andrew Baxter, said the central goal behind this acquisition is to strengthen Europa’s part load service to and from the UK.
He said: “This acquisition is not about Europa expanding outside of the UK market. It is about strengthening our offering to and from the UK. The acquisition will not affect any of our groupage partnerships. Even in Belgium our groupage operation will remain unchanged and our aspiration is for all of CCC’s team to stay in place.
“Continental Cargo Carriers is the ideal fit for our Road division, as it has a proven track record and a solid customer base. In future the Belgium transport and Czech trucking operations will be more or less unchanged, but the UK operation will be integrated with the Europa operation.
“I’d like to see us completing a couple of acquisitions of this size a year for the next few years – continuing to strengthen our offering across all of our four divisions. Our prior experience of acquisitions and all of the challenges associated with them makes us well placed to deal with the subtle process of integrating new businesses into our group and I look forward to personally welcoming Continental Cargo Carriers’ staff to our team.”
Today, CCC operates a fleet of 270 trailers, runs a 4000 m2 warehouse and employs over 100 people spread over Belgium, the UK and the Czech Republic. Joining Europa’s 650 staff across its 13 sites in the UK and Hong Kong, the Belgian company’s staff will play a key role in Europa’s ambitious plans to expand to a £400 million turnover operator in the next four years through a combination of organic growth and further acquisitions.
Europa recently released its financial results for year-end 31st December 2017, in which turnover increased by 24% to £144 million – a £28 million increase on the previous year.