Business Daily Media

The Times

.

Rhenus completes acquisition of LBH Group and accelerates global maritime growth

  • Rhenus Group acquires remaining 49 percent of LBH Group, achieving full ownership
  • Partnership further strengthens global maritime and port logistics network
  • LBH continues operating under its renowned brand while maintaining its recognized service quality
SINGAPORE - Media OutReach Newswire - 29 April 2026 - Rhenus Group announced the successful closing of the acquisition of the remaining 49 percent stake in LBH Global Agencies Inc.

LBH Group is a globally active port agency with business sites in 24 countries worldwide. As an international maritime shipping agency, LBH Group manages incoming and outgoing vessels handling bulk goods, liquid cargo, containers, and general cargo. With the acquisition of the remaining shares from the Lagendijk family, the company is now a wholly owned subsidiary of Rhenus – a strategic step that has been pursued since the two companies joined forces in 2023. For many years, both parties have fostered a close and trustful relationship based on a shared goal.

Joined expertise for strong international customer service

The partnership between Rhenus and LBH Group was initially established with the shared objective of combining LBH's global reach in port agency services with the international logistics network of Rhenus. Since then, the collaboration has strengthened both companies' capabilities, enabling the development of more comprehensive service offerings and supporting customers with increasingly customized, resilient, and efficient supply chain solutions. Uniting two highly skilled and specialized teams marks another milestone in the Rhenus Group's strategic growth plan in global trade, aiming to expand its network and foster supply chains worldwide.

Under full ownership, LBH Group will remain a central pillar of the maritime strategy of Rhenus. The company will continue to operate under its established brand, maintaining its market presence and well-recognized service quality. Inspired by the vision of expanding global logistics operations as one global team, the acquisition underscores the importance of reliable partnerships that continue to pave the way for the Rhenus Group's growth trajectory.

Hashtag: #Rhenus

The issuer is solely responsible for the content of this announcement.

About Rhenus

The Rhenus Group is one of the leading logistics specialists with global business operations and annual turnover amounting to EUR 8.2 billion. 39,000 employees work at 1,300 business sites in more than 70 countries and develop innovative solutions along the complete supply chain. Whether providing transport, warehousing, customs clearance or value-added services, the family-owned business pools its operations in various business units where the needs of customers are the major focus at all times.


News from Asia

Thailand’s "trust capital" a potential strategic advantage amid global realignment: NUS Business School Dean

BANGKOK, THAILAND - Media OutReach Newswire - 19 June 2026 - As geopolitical tensions reshape global trade, supply chains and investment flows, Thailand's long-standing reputation as a trusted and...

SIM Global Education Students Connect with Industry Mentors Through Campus Life

SINGAPORE- Media OutReach Newswire - 19 June 2026 - For many students considering higher education, choosing an institution is not only about selecting a programme or qualification. Students are a...

Glow Festival by Prudential Expands in Sentosa Partnership, Bringing Global Headliners and Its Biggest Edition Yet to Singapore

Over 70 wellness sessions across six immersive festival zones from sunrise yoga and seafront runs, to strength training, breathwork, creative workshops and recovery experiences, offering something ...

VinFast Builds on EV Success While Looking Beyond Electrification

DUBAI, UAE - Media OutReach Newswire - 19 June 2026 - As Southeast Asia and the Middle East ramp up investments in autonomous driving and AI-powered transportation, VinFast is positioning itself ...

Hong Kong universities scale global heights, cementing education hub status

HONG KONG SAR - Media OutReach Newswire – 19 June 2026 – Hong Kong universities continue to excel on the international stage with five institutions ranked among the world's top 100 and, for the fi...

A Decade of Sharing the Flavors of China: 'Chinese Restaurant' Stays True to Its Mission Through Food and Culture

CHANGSHA, CHINA - Media OutReach Newswire - 19 June 2026 - Carrying the warmth of everyday life and the richness of Chinese civilization, Chinese Restaurant embarks on a new chapter as it celebra...

ZEEKR Surpasses 800,000 Global Deliveries and Unveils Global Expansion Strategy for Dual Flagship 9-Series Models

HONG KONG SAR - Media OutReach Newswire - 19 June 2026 - The 2026 International Automotive and Supply Chain Expo (Hong Kong) officially opened today. Under the theme "Luxury, Elevated to a New Rea...

Successful debut of International Symposium on Emergency Response and Aeromedical Services in Hong Kong

HONG KONG SAR - Media OutReach Newswire – 20 June 2026 – Hong Kong's Government Flying Service (GFS) held its inaugural three-day International Symposium on Emergency Response and Aeromedical Serv...

Swire Coca-Cola HK Refreshes the 2026 Sun Life Hong Kong International Dragon Boat Festival with Giant Festive Installation at the Avenue of Stars

HONG KONG SAR - Media OutReach Newswire - 20 June 2026 - Bringing a refreshing wave to a beloved cultural tradition, Swire Coca-Cola HK has become the Official Beverage Sponsor for the "2026 Sun L...

iQOO 15R Named Official Gaming Phone for 2026 Asian Games Esports Qualifiers: Honor of Kings

The performance-focused smartphone will support tournament-level mobile gameplay with stable performance, responsive controls and sustained power.DONGGUAN, CHINA - Media OutReach Newswire - 19 Jun...

Australian businesses lean into global strategic partnerships (GCCs) for next wave of outsourcing

The Australian corporate landscape is undergoing a fundamental transformation in how it sources talent and innovation. While businesses have traditi...

The New Pressure Gap Crushing Small Businesses

Starting any business and making it prosper is a major undertaking. Part of the challenge is managing the uncertainty, but the financial pressures o...

Click Frenzy returns with a free EOFY sale event for retailers this month

New owners Gabby and Hezi Leibovich bring back Australia’s leading ecommerce sales event with Australia Post as Major Sponsor   Click Frenzy is ...

The 95 Per Cent Failure Rate Is Not An AI Problem

Most Australian SMEs I speak with are already having a go at AI. Some are running formal pilots, others have a team member quietly experimenting o...

New AR tech helping to solve field service skills crisis

AI-enabled augmented reality (AR) smart glasses are emerging as a new practical solution to fill a shortage of field service technicians maintaini...

For Midsize Companies, Global Payroll Systems Matter More to Business-Security Than You Think

When a midsize company expands across borders, its payroll operation becomes exponentially more complex. These organisations typically face a new ...