Groupe Sterne completes acquisition of nox NachtExpress from SSVP III
Langenfeld, 11th April 2022 – Group Sterne, a leading French provider of critical logistics services has successfully completed the acquisition of nox NachtExpress, a key player in overnight premium express delivery services in Europe. Nox NachtExpress was acquired from SSVP III, a private equity fund advised by Orlando. The newly created group will become a leading provider of overnight critical services logistic in Europe.
Following the signing of the share purchase agreement on February 11th, 2022, a successful closing occurred on April 11th, 2022, after having received merger clearance by relevant regulatory authorities.
Founded in 1972, Groupe Sterne has established itself as a key European player in sustainable transport and premium multi-service logistics with a strong historical presence and a network of quality partners in France and a growing geographical footprint in Europe and Asia. In 2021, Groupe Sterne delivered strong results with 270 million euros of turnover.
Nox NachtExpress is a leading European player in overnight express delivery services with market presence in Germany, Austria, and Benelux regions. The company operates more than 20 warehouses throughout Germany, employs around 1,000 people and delivered 280 million euros of turnover.
The newly created group will comprise over 80 warehouses in France, Germany, Austria, Belgium, and the Netherlands, providing a diverse service offering to more than 6,000 shippers. The group will employ more than 2,200 people globally, providing ample resources to serve more than 100,000 customers a day with 3,000 delivery trips.
Groupe Sterne: Daniel Desage, +33 616672216, email@example.com
nox NachtExpress: Heike Steinmetz, +49 231 9415065 or +49 163 6386497, firstname.lastname@example.org