ABX
- Sector Industrial
- Year invested 2006
- Location Benelux
- Status Realised
Headquartered in Brussels, ABX is a global freight company offering air and sea freight forwarding services globally and international road transport in Europe. It also provides Contract Logistics Solutions in Europe.
Overview
ABX has a particularly strong presence in Western and Southern Europe, and has a leading position in Italy under the name of Saima Avandero. It also operates an extensive network in Asia-Pacific and in the Americas.
At exit in 2008, ABX operated in 100 countries worldwide, had revenues of €1.8bn, and a workforce of c.6,500 people.
How we added value
- Expanded operations (US, China, Brazil, Russia, Turkey, Poland, India and Japan) and made several strategic bolt-on acquisitions
- Improved sales force effectiveness and implemented a redesign of the IT platform to improve service quality
- 3i worked closely with management to turn the business into a profitable, cohesive global group, resulting in strong growth and a successful sale of the company in October 2008
We have enjoyed a very positive and productive partnership with 3i, who believed early in ABX and its management, and supported us in the transition to our current business model.
Regulatory information
This transaction involved a recommendation of 3i Investments plc, advised by 3i Benelux.