Wisco UK Ltd acquired by Rima Freight Services
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Rima Freight Services Ltd has agreed a deal to acquire Wisco UK Ltd for an undisclosed sum.
Established in 2001, Wisco is a freight forwarding company based in Braintree, Essex. The Company has built its success on specialising in freight from Austria, a niche market for the UK. This approach has allowed the Company to become an established player in the UK/ Austria forwarding market by working in partnership with Wisco Internationale Spedition GmbH in Vienna.
The opportunity generated interest from several UK trade buyers before an offer was accepted from Rima Freight Services Ltd, a local freight forwarding company also based in Essex.
Rima Freight, which has been operating for over 20 years, provides Sea, Air and Road transportation services worldwide. The company offers Air Freight, import/export deep sea forwarding and a full European trailer service as well as a full groupage/LCL service to the Middle East, Far East, USA, Australia and New Zealand.
Deal Executive Tom Eatough who led the deal commented, “I am really pleased that we managed to secure and complete a deal for Nigel. Geographically, Rima Freight are an ideal fit, but there are also obvious synergies between the two companies service offering. I would like to wish both parties all the best for the future.”