nox Nachtexpress

nox is the European market leader for innight express distribution who reliably delivers packages at high delivery speeds, largely without dimensional and weight restrictions, before work begins. In doing so, nox innight express transports urgently needed spare parts for the agricultural and automotive industry as well as for technician organizations every night. nox innight express achieves a turnover of approx. € 300m with approx. 1,100 employees. The company operates around 35 depots in Germany, Austria, the Netherlands, and Belgium and achieves Europe-wide coverage through its international partner network.

Company Name

nox Nachtexpress

Reason for Participation

Carve-out due to non-core disposal


Langenfeld, Germany

Date of Acquisition

June 2016


Specialty logistics





  • Refocusing and sustainable growth of profitable core business

  • Acquisition and operational integration of three competitors

  •  Sales growth in foreign markets / Cost optimization and innovation leadership through digitization

Value increasing measures

The new shareholder implemented a consistent buy-and-build strategy and acquired CAT LC, the Austrian express business of Quehenberger and the glass specialist PGG GmbH. The full operational integration of these companies generated significant economies of scale and further expanded nox’ market position.

Immediately after the initial takeover, the company was renamed to nox Nachtexpress as a symbol of a changed market presence: nox consistently divested itself of unprofitable businesses and focused on sustainable growth in its profitable core business: innight express logistics.

nox has invested heavily in the digitalization of business processes and was able to optimize transport costs by introducing customized tools for system-supported network planning. By developing and launching innovative IT solutions, nox was constantly setting new technology standards in the market segment.

Results achieved

Growth in the profitable core business of approx. 5% p.a., an increase in operating profit of approx. € 30m p.a. as well as innovation leadership in the market segment could be achieved.

“Through professional operational support, strategic vision and in close cooperation with the Orlando team, we succeeded in transforming an unprofitable corporate subsidiary into an agile and sustainably profitable medium-sized company.”
Donald Pilz - CEO