BY Fraser Tennant
In a market valued at €400bn, Europe's two largest digital freight forwarders – road transport digitalisation specialist sennder and freight tech company Everoad – are to merge in a deal aimed at building the largest digital road freight platform on the continent.
Once the merger is complete, the new company – to be known as ‘Everoad by sennder’ – will have offices across six countries and lead the way in digital logistics and transportation completing over 35,000 loads per month. Its stated aim is to achieve revenues of €1bn by 2024.
To reach this target, the two freight logistics specialists will pool their technology and knowhow to optimise all the stages of the supply chain. Their digital solution – aimed at both carriers and shippers – reduces inefficiencies in the shipping process, meaning both reduced costs for shippers and increased revenue for carriers.
“With Everoad, we share a vision, DNA and common goals,” said David Nothacker, chief executive and co-founder of sennder. “In the midst of this international crisis caused by COVID-19, road freight has demonstrated its inimitable, strategic role in transporting essential goods. It now makes more sense than ever to join forces and integrate Everoad into the sennder group. In that way, we can jointly invest resources and knowhow to tackle the new challenges and opportunities emerging out of the crisis.”
Since 2015, Berlin-based sennder has strived to revolutionise the world of freight transport in Europe. By merging with its French counterpart Everoad they will further expand their geographic growth journey with local presences across all major logistics and transport hubs.
“Our objective was the same as sennder’s: to create a European industry champion within the freight forwarding and logistics industry,” said Maxime Legardez, chief executive and founder of Everoad. “By merging , we achieved this target and can also contribute to reducing the environmental impact of the industry.” Indeed, the new company sees itself as having a strategic role in reducing carbon emissions in the sector, which currently account for 6 percent of the European Union’s total CO2 emissions.
Mr Legardez concluded: “By becoming Everoad by sennder, we will share our expertise and experience acquired over more than four years of a pan-European vision.”
News: German freight tech start-up Sennder merges with France's Everoad