Following its takeover of Dublin based Lucey Transport, DFDS, a leading European transport and logistics provider, has agreed to acquire the family-owned McBurney Transport Group for a debt-free price of €161.3m.
With the acquisition of McBurney Transport Group, DFDS will further expand its network in the UK and Ireland and connect services to Europe and Turkey, in which DFDS operates.
McBurney Transport Group is headquartered in Ballymena with depots in Dublin and Liverpool, with over 800 employees and serves high-street retailers, supermarkets and food producers with temperature-controlled and ambient warehouses and multiple strategically located depots in the UK and Ireland. The Group operates a fleet of around 400 trucks and 1360 trailers, including 955 refrigerated trailers.
Commenting on the deal, Torben Carlsen, CEO DFDS said: “DFDS is dedicated to serving the UK and Irish markets with reliable and efficient transport and logistics services. With increasing importance, we connect our UK and Irish services with the rest of Europe through our extensive network. With the acquisition of the McBurney Transport Group, we enhance the scope of our customer offerings, particularly towards the resilient food sector.”
Norman McBurney, founder of McBurney Transport Groups, added: “By becoming part of DFDS, we gain access to new development opportunities. I am certain the wider market coverage, including access to DFDS’ extensive transport network, will benefit our many longstanding customers. I am confident that our many loyal and dedicated employees will be comfortable and happy after this transaction.”
The acquisition is subject to regulatory approval. Once approved, the McBurney Transport Group will integrate with DFDS cold chain UK & Ireland.