The Swiss federal mail company Schweizerische Post has strengthened its existing presence in Baden-Württemberg by acquiring Hugger GmbH in Aldingen, Germany, effective January 1, 2022. Hugger GmbH is a freight forwarding company with 217 employees focusing on road freight transport. At the same time, Swiss Post acquired the shares of Logistic Center Villingen GmbH (LCV) in Villingen-Schwenningen, a company with 12 employees that specializes in warehousing services. With the acquisitions of Hugger and LCV, Swiss Post is strengthening its existing subsidiary Bächle Logistics GmbH in Villingen-Schwenningen.
FRANKUS provided legal support to Schweizerische Post in the transaction. In addition to legal due diligence, the advice included the preparation and negotiation of the transaction documentation as well as merger control. The FRANKUS team consisted of Dr. Torsten Bergau (lead, M&A, merger control), Yvonne Panknin (tax) and Esther Remberg-Schimpf (employment).
FRANKUS employs around 65 people in Düsseldorf, including over 20 professionals in tax, legal and finance. The firm advises German medium-sized businesses as well as international corporations. All partners and many employees previously worked for a "Big Four" company or an international law firm, some of them also in management positions on the client side.