Logistics group merges with German counterpart to secure European business

Solihull-based logistics operator Carousel is to merge with German counterpart LSi Logistik to broaden its service capabilities across the continent.

The merger is intended to extend the global footprint of each company and open up new pan-European opportunities for clients of both businesses.

It is also important for Carousel to retain a link to Europe should Brexit negotiations restrict the group’s trading options.

Carousel, which has hubs up and down the UK and a headquarters in Kent, acquired Solihull-based AYS Logistics last August as part of an ongoing acquisition strategy aimed at supporting its wider European operations.

Carousel, has announced it will join forces to advance its service capabilities and to offer even better solutions for its clients.

The deal sees Reinhard Klausner remain as LSi’s managing director, and he joins the Carousel executive board. There will be no name change to LSi nor any changes to its current operation teams.

Carousel said LSi clients would benefit from its UK distribution network, while Carousel’s client base would gain access to markets in Spain, Poland, Germany and Switzerland.

The merger is also an extension of a working relationship that has been in place for more than seven years.

Commenting on the deal, Graham Martin, CEO at Carousel, said: “This announcement is the perfect coming together of two companies and one that is incredibly timely, given the recent changes to the European landscape.”

“This merger is all about offering our clients even better solutions and more opportunities than ever before.”

Reinhard Klausner, CEO at LSi Logistik said: “Carousel and LSi are both experts in their markets, sharing not only clients, but also a DNA for delivering high quality, customer-driven logistics, without the need to compromise.

“We’ve worked with Graham and his team for many years and while this partnership is simply a formalisation of our existing relationship, together we offer a really exciting opportunity to our clients. Having combined our networks, unrivalled expertise, plus local knowledge and leading-edge technology we know we are bringing a very unique offering to the market. We are both really looking forward to the future as one.”

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