HOYER Group, the Germany-based transport and logistics service provider, is increasing the amount of its investment budget from €90m in 2018 to a record €173m for 2019.
The international logistics company aims to place emphasis on further development of the successful digitalisation initiative and equip tank containers with telematics systems and intelligent networked software.
“We have identified promising investment projects in all business areas for HOYER. This has resulted in a comprehensive investment package spread across the business development, property, plant and equipment, acquisitions and replacement investments business areas,” said Gerd Peters, Chief Financial Officer (CFO) of the HOYER Group.
“The sustained positive business development enables this financial tour de force.”
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