As announced on the Budapest Stock Exchange (BSE) on Friday, Waberer’s International acquired 55% shareholding in Serbian company MD International (MDI), with an option to acquire the remaining 45%. The purchase price was not disclosed.
Waberer’s is the largest road transport company in Hungary and one of the largest road freight transport companies in Europe, operating a fleet of 3,500 trucks. It has a presence in Belgium, Germany, France, Italy, the Netherlands, Poland and the UK.
MDI has positioned itself as a significant player in Serbia’s distribution industry, with brands such as Henkel, Vileda, Wilkinson Sword, and Pionir.
The transaction is expected to close by the end of the year.