CAT becomes an independent player on the Logistics market
18 July 2001 - 16:35 CET
The Albateam consortium has completed the acquisition of CAT (Compagnie d'Affrètement et de Transport) from Renault, having received clearance from the European Commission. CAT is an important logistics group specialised in the distribution of vehicles, manufactured goods and spare parts. The company has offices in 14 countries and a turnover of EUR 1.2 billion (2000).
By creating an independent CAT with strong, global and well-reputed owners, Albateam will give CAT the opportunity to meet the changing needs of the global automotive sector. CAT will be able to extend its customer base, improve and develop its customer service and expand on a global basis.
"We see great possibilities for the further development and growth of CAT", says John Merry, new President of CAT and also President of Albateam.
The global automotive industry is experiencing fundamental changes. These changes are driven by more demanding global logistics requirements, increasing customer sophistication and changing buying behaviour. The growth of the Internet is also forcing manufacturers to look at the need to develop alternative sales channels. In response to these changes, manufacturers are redefining their outbound logistics activities and specifically looking to work with logistics specialists to improve efficiencies and cut costs.
The Albateam acquisition also gives CAT the possibilities to better serve its key client and previous owner, Renault.
Albateam consists of four partners: vehicle transportation and technical services specialist AutoLogic (40%), global provider of express, logistics and mail services TPG (20%), specialised vehicle carrier Wallenius Lines with extensive logistics activities (20%) and Renault who will retain a 20% holding.
Albateam took the management control of the company as from July 17th.
Global Automotive Logistics SAS is the legal entity of Albateam.
