BDPST Equity Zrt., which belongs to BDPST Group, concluded a sale and purchase agreement to acquire MHB Optimum Zrt. that has 21 percent ownership of Waberer’s International Nyrt. The company, together with the other large shareholders of Waberer’s International Nyrt., that is, Trevelin Holding Zrt. and Geraldton Invest Zrt. belonging to Dániel Jellinek and High Yield Vagyonkezelő Zrt. belonging to György Wáberer, act in concert to make a public takeover bid to the shareholders. With the background provided by the capital investment group, Waberer’s can take its business model, which is based on services with high added value and built on the most advanced logistics technologies, to a whole new level. The closing of the transaction is subject to permissions of the competent authorities.

BDPST Equity Zrt., which belongs to BDPST Group, intends to purchase MHB Optimum Zrt., which has 21 percent ownership of Waberer’s International Nyrt. As a capital investor committed in the long term, BDPST Group aims to support Waberer’s International Nyrt. to take its ambitious business strategy to a whole new level.

“We are looking for acquisition targets that have already proven on the market, have a successful business model and are ready for the challenges of the next decade”, said István Tiborcz, owner of BDPST Group. “Just like in the case of a number of industries, logistics is also turned upside down by the technological development, the increased international competition as well as the quest for eco-friendly solutions. Waberer’s is very well positioned to be the leader of this paradigm shift in business in Europe”, he added.

The capital investment group, together with the large shareholders of Waberer’s International Nyrt., that is, Trevelin Holding Zrt. and Geraldton Invest Zrt. belonging to Dániel Jellinek and High Yield Vagyonkezelő Zrt. belonging to György Wáberer, act in concert in relation to the transaction according to the capital market law. To ensure transparency, the parties make a public takeover bid to the shareholders of Waberer’s International Nyrt. under the capital market law. The bid has been submitted to the National Bank of Hungary for approval.

The concerted practices of the parties do not result in joint control; however, they provide Waberer’s with a stable and well capitalized ownership background. Due to the public takeover bid, the large shareholders will have the opportunity to further increase their ownership in the listed company.

Just like before, the management of experts is in charge of the management of the logistics company as well as the realization of the strategic objectives. The management is headed by CEO Zsolt Barna. Previously, the expert was the head of Waberer’s-Szemerey Logisztika Kft. for more than 12 years. During this period, the company became number one among the transport companies and logistics providers in Hungary.

Waberer’s Group has more than 75 years of experience on the European logistics and freight forwarding market. The shares of Waberer’s International Nyrt., which is the parent company of the group, are traded in the Premium category of the Budapest Stock Exchange. At the end of 2019, the logistics company announced a strategic and structural change, with the focus on complex services with high added value. The company has a dedicated green division focusing on the greening of the whole service portfolio and the coordination of the carbon neutrality efforts. Member of the group is Wáberer Hungária Insurance Company, which is a key actor on the Hungarian insurance market.

“Seeing the dynamic growth and future-proof strategy of Waberer’s, we are expecting that the company could be the leading logistics provider in the region within a few years. As a capital investor, our aim is to help the company reach this position”, added István Tiborcz, owner of BDPST Group.

The consolidated turnover of Waberer’s International Nyrt. increased by 3.8% and reached EUR 590.8 million in the financial year 2021. The recurring EBITDA (earnings before interest, taxes, depreciation and amortization) of the group increased by 34.2% and reached EUR 74.2 million.