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09/2022

LUCEY TRANSPORT LOGISTICS acquired by DFDS

IRELAND Transport & Logistics / Freight Transport / Road Freight EV 20M - 50M EUR

Context

By acquiring control of the Irish transport company Lucey Transport Logistics Limited, DFDS A/S secures annual revenue of and capacity strengthening across the Irish Sea logistics corridor. Officially announced in July 2022 and completed on September 30, 2022, following regulatory clearance from the competition authorities, the transaction transfers 100 percent of the share capital of Lucey Transport Logistics Limited to DFDS A/S. Under the transaction perimeter, executive leadership from DFDS Logistics, led by Executive Vice President Niklas Andersson and Managing Director for Ireland and Northern Ireland John Cole, assumes operational governance alongside Chief Executive Officer Kevin Lucey. Strategically, the integration thesis structured by DFDS A/S focuses on linking domestic Irish road freight operations with its established maritime shipping routes, notably leveraging the freight ferry connection established in 2021 between Rosslare and Dunkirk. The acquisition enables DFDS A/S to offer end-to-end international transport solutions to Irish manufacturers, facilitating direct transport access to continental European markets while bypassing post-Brexit transit complexities through Great Britain. In turn, corporate shippers in the fast-moving consumer goods and packaging sectors gain access to the broader European network operated by DFDS A/S. The buyout of Lucey Transport Logistics Limited forms part of a sustained programmatic M&A strategy executed by DFDS A/S, complementing previous corporate acquisitions such as Huisman Group BV, ICT Logistics, and primeRail. Corporate leadership maintains existing haulage infrastructure to guarantee service continuity across the island of Ireland.

By taking control of Lucey Transport Logistics, Dfds continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Primerail in 2022.

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Target

Operating a road freight and logistics business from Dublin, Lucey Transport Logistics serves customers across the island of Ireland. The company provides asset-based haulage, running its own fleet of trucks and trailers rather than acting as a freight forwarder, and its domestic distribution activity is complemented by groupage and warehousing services. Its customer base is concentrated in the fast-moving consumer goods and packaging sectors. The Irish operation is based in Dublin and covers the island of Ireland through its own fleet and depot network. The company built its position in the domestic haulage market before attracting the interest of larger European logistics groups seeking a platform in Ireland.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2021
2020

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REFERENCES

Valuation range: EV 20M - 50M EUR

Revenue range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of LUCEY TRANSPORT LOGISTICS by DFDS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: dfds