Watson Farley & Williams has advised the Froelich family on their sale of Froelich Internationale Transporte GmbH & Co. KG to Lithuania’s Transimeksa Group.
Financial details were not disclosed.
According to WFW, “founded, owned and managed by the Froelich family since 1883, and including a fully-owned Polish subsidiary, Froelich developed an intermodal transport and logistics company operating between Germany and Italy via a direct rail connection, thereby bringing together northern and southern European markets across the Alps. The link is both environmentally friendly and commercially viable, and the Froelich family will be advising Transimeksa to ensure a smooth hand-over of the business. Following its acquisition of Froelich, Vilnius-headquartered Transimeksa will have 1,200+ employees, a fleet of more than 600 trucks and 800 trailers, and 46,250 square meters of warehousing space and offices in Lithuania, Germany, Russia, Italy, Latvia, Estonia, and Belarus. Transimeksa also acquired the real estate on which Froelich operates its business.”
Watson Farley & Williams’ Germany-based team included Partners Christoph Naumann, Verena Scheibe, and Sebastian Baum, Associate Matthias Strecker, and Lawyer Janine Henger.
Watson Farley & Williams did not reply to our inquiry on the matter.