Fr. Meyer’s Sohn (FMS) acquires OLS shares from ThielemannGroup

The ThielemannGroup has sold its 49 percent stake in Overseas Logistic Services GmbH (OLS), headquartered in Mönchengladbach | Germany, to majority shareholder Fr. Meyer’s Sohn (FMS), based in Hamburg. With this transaction, FMS takes over all company shares and strengthens its market presence in western Germany. 
The ThielemannGroup will reinvest a large part of the proceeds from the sale into its own group of companies in order to further sharpen its business model strategically and expand it.

Since 2020, Navid Thielemann has successfully led OLS through the COVID crisis, restructured the company, made significant investments, and relocated the headquarters to the newly built site in the Nordpark area of Mönchengladbach. Within just five years, both revenue and earnings have increased significantly.

Following the sale, Navid Thielemann will remain Managing Director of OLS. The recently founded Overseas Projects GmbH, specializing in global project logistics, will remain unchanged as a joint venture between the ThielemannGroup and FMS. Hans-Bernd Effing will also continue in his dual role as Managing Director of both OLS and Overseas Projects GmbH.

“The sale of our shares in OLS provides us with new opportunities to invest independently of external investors and to grow sustainably,” says Navid Thielemann, CEO of the ThielemannGroup. “Our focus is clearly on end-to-end supply chain solutions in e-commerce and global sourcing logistics solutions. We will continue to rely on our close partnership with FMS, which has been the basis of our shared success in recent years.”

FMS also emphasizes the strategic importance: “With this transaction, we are strengthening our presence in one of Germany’s most important logistics regions. We look forward to continuing our successful cooperation with the ThielemannGroup and to providing our customers with first-class solutions in overseas logistics,” explains Heiko Voigt, CEO of FMS.