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2/16/2015
DACHSER changes legal form to SE

DACHSER, one of Europe's leading logistics providers, has changed its legal form to a Societas Europaea (SE) and has opened the way for the future. The family-owned company is not planning an IPO.
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DACHSER changes legal form to SE

DACHSER is now a Societas Europaea (SE). DACHSER GmbH & Co. KG has transferred its major business fields Road Logistics (including the European Logistics and Food Logistics Business Lines) and Air & Sea Logistics to the 100%-owned subsidiary DACHSER SE. DACHSER GmbH & Co. KG itself will operate as a holding company called DACHSER Group SE & Co. KG.

By providing a modern holding structure, the legal form of the SE offers the family-owned company an ideal framework in which to combine its corporate structure with subsidiaries in Germany and abroad. In the future, DACHSER’s name in the German marketplace will be DACHSER SE, but the various names of the country organizations outside of Germany will remain unchanged.

This legal conversion is not tied to any change in the shareholder structure. There will not be an IPO, nor will outside investors acquire any holdings. DACHSER CEO Bernhard Simon said, "We have altered our legal form to fit our global growth strategy and have therefore opened the way for the future. DACHSER is a successful family-owned company and will remain so in the future."

The existing Administrative Board will also continue to operate as a supervisory board at DACHSER SE with oversight functions.

Organizational and management structure: Customer proximity and decentralized decision-making process

Within DACHSER Group SE & Co. KG, the Executive Board and the corporate positions reporting to it will carry out central management and control functions at the global group-wide level. The Executive Board includes Bernhard Simon (CEO), Michael Schilling (COO Road Logistics), who also serves as deputy head of the Executive Board, Thomas Reuter (COO Air & Sea Logistics), and Burkhard Eling (CFO).

Eight operating divisions, which are led by Managing Directors, will function at the level below the Board within DACHSER SE. Aside from DACHSER Food Logistics, which Alfred Miller will continue to manage, these units are divided up by region: Germany, North Central Europe, France & Maghreb, and Iberia in the Road Logistics business field, and EMEA, Americas, and Asia Pacific in the Air & Sea Logistics business field. "The eight operating divisions will reinforce our decentralized business strategy, giving us the ability to be even quicker and more flexible in our decision-making. And once again this will bring us closer to our customers," said Simon.

About DACHSER Americas:

Guido Gries, Managing Director Air & Sea Logistics Americas is responsible for the business unit Americas. The unit with its Regional Head Office in Miami, Florida, has taken on the task of ensuring representation with branches and offices in the most important business centers, airports and seaports. DACHSER already operates 29 offices in Argentina, Brazil, Chile, Mexico, Peru and the USA.

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