C.H. Robinson, a global logistics leader, has successfully completed the sale of its European surface transportation business (EST) to Sennder Technologies GmbH, a leading digital road freight forwarder in Europe. The acquisition received all necessary regulatory clearances, and the closing date was effective February 1, 2025.
Following this transaction, the EST operations of C.H. Robinson will now be integrated into Sennder. C.H. Robinson remains committed to delivering customer value through exceptional service and innovative solutions from its European global forwarding and managed solutions teams. The company plans to continue investing in key trade lanes, products, and technology within the region.
While the terms of the transaction were not disclosed, C.H. Robinson is known for delivering logistics solutions globally, managing 37 million shipments and $23 billion in freight annually. The company serves 83,000 customers and has 450,000 contract carriers in its network.
The press release did not include specific financial metrics or changes since the last period. The market has reacted to these announcements by moving the company's shares -0.7% to a price of $98.78. Check out the company's full 8-K submission here.
