Benzinga | May 12, 2021 08:14AM EDT

CH Robinson Reports Purchase Of Combinex, No Terms Disclosed

C.H. Robinson (NASDAQ:CHRW) further expands its European road transportation presence with the announcement of the acquisition of Combinex Holding B.V. (Combinex). Combinex is one of the fastest growing forwarders in the Benelux region, specialised in transport services for dry, fresh and frozen goods.

''The acquisition is a great opportunity for C.H. Robinson and will strengthen our existing footprint in Europe, particularly our presence in Western Europe," said Jeroen Eijsink, President of Europe for C.H. Robinson. "Combinex will also offer us additional haul capabilities with a dedicated fleet, expanding our reach in the short-medium haul market. I am excited to welcome Arie Troost and his experienced team to the C.H. Robinson family.''

''This is an exciting day for us at Combinex, as we bring together our strong offerings and incredible talent to compliment C.H. Robinson's services, technology and presence in Europe," said Arie Troost, Founder and CEO of Combinex. "Combining our diversified, loyal client base, reliable network of transporters and dedicated fleet and owned trailers with C.H. Robinson's scale and expertise, will allow us to provide even better services to our customers."

C.H. Robinson's European road transportation business spans across all the major trade lanes in Europe. Its global freight forwarding division offers global air, ocean, and customs services. This announcement follows two recent European company acquisitions in 2019, including Dema Services, a leading provider of road transportation based in Italy, and Space Cargo, a global freight forwarding group in Spain.