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IN tIME Express Logistik

Founded in 1987 as a courier service, IN tIME Express Logistik (IN tIME) specialises in time-critical door-to-door courier and express delivery services.

The business is served by 3,000 vehicles and operates 24 hours a day, 365 days a year. The business successfully handled over 450,000 shipments in 2014.

VALUE CREATION

IN tIME has performed well, with sales increasing from €116m in 2011 to €144m in 2014 and employee numbers growing from 400 to 550. Equistone has worked alongside the management team on a number of key strategic initiatives:

  • Supporting the acquisition of LTE Transport, a freight transportation and logistics company, in August 2012.
  • Countering a significant market downturn in 2012 with the rapid implementation of cost-cutting measures and supporting the recovery of sales, thus enabling the business to deliver earnings only marginally down from the previous year.
  • Determining diversification opportunities including the targeting of SME customers and the development of an internet sales platform.
  • Establishing growth in new business segments such as critical pharmaceutical logistics and products for the German army.
  • Increasing delivery volumes in Germany and within its existing customer base.
  • Hiring a new CFO in 2014.

THE EXIT

Equistone sold its Fund III investment in IN tIME Express to Super Group Limited, a publicly traded South African supply chain and fleet management provider.

HOLDING PERIOD

Sep 2011 - Nov 2015

Country

Germany

Business Description

Support Services

Revenue Progression

€116m / €144m

Employees at ACQ.

550

Investment Type

Secondary MBO

Equistone provided the impetus for our growth and helped set the course for the future.

ADD-ON ACQUISITIONS

LTE Transport (DE)
Aug 2012