Logistics: Logistics company Sennder wants to expand market share
The online forwarder from Berlin receives new money from investors and, for the first time, also from banks. Company boss David Nothacker is thinking about acquisitions again.
In Berlin, Sennder's CEO, David Nothacker, has faced two strenuous years since acquiring a business of a similar size to the company from US competitor C. H. Robinson. He quickly realized that not everything integrated smoothly with Sennder. "We then decided to deliberately sell or make certain business areas more efficient," Nothacker explained in an interview with the Handelsblatt.
The biggest challenge was IT integration, which required significant effort and time. Sennder connects over 40,000 trucks across Europe and acts as a contract partner for smaller freight forwarders. They handle contract management through their own online platform, avoiding the typical phone calls and emails used by the industry.
Currently, the market leader in the European trucking business is Denmark's DSV, with a revenue of around 33 billion euros. DSV acquired Schenker after the takeover, and Sennder experienced silence afterward. This silence might also be due to the fact that integration coincided with challenging times for road freight transport, caused by rising diesel prices, a shortage of drivers, bankruptcies, and decreasing demand due to the war in Iran.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
