Mutares SE & Co KGaA has sold its portfolio company Fuentes Quality Logistics SL (Fuentes), a service company involved in temperature-controlled logistics with revenues of approximately €200m, to a consortium led by Ontime franchise and the founding family.
Since its acquisition from Lineage Group, Fuentes underwent a transformation process which focused on improvements aimed at restoring profitability and strengthening its operations.
With this transaction Ontime franchise secures a major platform in the Iberian and broader European logistics market and will lever Fuentes for its existing portfolio and future expansion plans. The company believes it will enable the Ontime franchise entity to further consolidate its position in the region and leverage synergies for continued growth.
