trans-o-flex acquires remaining shares in Austrian subsidiary

(PresseBox) ( Weinheim, )
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- Expansion of the international network for temperature-sensitive goods
- Company founder Franz Scherübl sells remaining shares
- Industry pioneer retires at the age of 68

With effect 1st January 2013, the trans-o-flex Logistics Group acquires the remaining shares in its Austrian subsidiary trans-oflex ThermoMed Austria. Until today, the Group owned 74.9 % of the shares in the company, which specialises in the actively temperature controlled transportation of pharmaceutical products. Company founder Franz Scherübl Snr. has decided to sell his remaining shares, thus retiring from his position as Managing Director on 19th November and officially leaving the company on 31st December 2012. "Franz Scherübl is a pioneer of our industry, who was often ahead of his time", says Kai Schmuck, Managing Director of the trans-o-flex Group. "We thank him very much for what he achieved and wish him all the best for the future".

For the trans-o-flex Group, this acquisition is another step in the expansion of its international network for the transportation of temperature-sensitive goods for the pharmaceutical industry. In addition to Austria, trans-o-flex also offers its service of actively temperature-controlled transportation, during which the strict provisions on the distribution of pharmaceutical products are observed without having to use the expensive cool-boxes, in Germany, the Benelux countries, Denmark and France. All in all, the trans-o-flex Logistics Group realises almost 50 % of its turnover with logistic services for the pharmaceutical industry.
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