IMAP is pleased to announce that CyberFreight, a full-service freight forwarder and logistics provider with strong expertise in pharmaceuticals and medical equipment and supplies, was acquired by the Japanese logistics service provider Hitachi Transport System.
CyberFreight, founded in 1999 by Jacques van den Berg, is specialized in freight forwarding (air and ocean freight), warehousing and distribution services for highly sensitive, high-value, pharmaceutical, and food-grade products. The company operates a warehouse in close proximity to Schiphol airport. CyberFreight is one of the few companies that can offer all pharma logistics services in the Netherlands, including medicines that require storage up to minus 80℃. The Company has a total of 75 employees and was looking for a strategic partner to accelerate its strong growth in the pharmaceutical market.
Hitachi Transport System (HTS) is a leading global provider of logistics services based in Japan. HTS comprises 94 different companies with more than 45,600 employees at 763 locations worldwide. HTS is focused on providing smart and efficient logistics solutions that deliver tangible benefits to its customers. The medical sector is a strong focus area for HTS. The company is promoting initiatives to build a high-quality supply chain for temperature-controlled transportation of pharmaceuticals and CyberFreight is a highly complementary platform in Europe.
IMAP Netherlands has ample experience and an unrivaled track record in the Transport and Logistics market, bringing knowledge of the most recent trends and developments in the sector. Throughout this transaction, it leveraged its expertise and well-developed international network in the industry to facilitate a competitive sales process, resulting in a transaction at attractive terms and conditions with the most suitable buyer.
The IMAP Netherlands team, comprised of Remco Schouten, Steven Klaren and Pim Oude Wesselink, advised CyberFreight on the sale and supported the seller throughout the transaction. During the process, Hitachi Transport System was assisted by Pinnacle Inc. in Japan. The efficient lines of communication with the team from Pinnacle allowed the process to keep running smoothly from start to finish.
Managing Director of CyberFreight, Willem Lodder, commented
“For an intense and sometimes frustrating process like this, that you do only once in your career, you need a strong, professional and knowledgeable partner. Not just to get the right bids, but also to guide you through the entire process, while for you it is still business as usual. Luckily, we found that partner in IMAP. We are very pleased with the personal commitment and the result.”