The Germani group completed the acquisition of Germany’s Löblein Transport in March 2026, an intermodal operator headquartered in Schillingsfürst, Bavaria, with operational activities also in Italy. The transaction concerns a majority stake in the German company and marks another step in the Brescia-based group’s European expansion strategy. Germani is already active in road freight and intermodal transport, with particular expertise in environmental transport and services linked to waste management. Advisory firm Vitale, the exclusive financial advisor on the transaction, confirmed completion of the acquisition but did not disclose financial details.
Germani is reported to have acquired around 80% of Löblein Transport, although this figure does not appear in the official statements currently available. The value of the transaction, valuation multiples and the precise ownership structure following completion have also not been disclosed. As a result, the composition of the remaining minority stake and the role that any historical shareholders or the management of the German company may continue to play in corporate governance remain unclear based on the information available.
The transaction forms part of a growth path that the Germani group has been pursuing for several years and which accelerated in 2024 when Eurizon Capital joined the company’s shareholding. Eurizon Capital, part of the Intesa Sanpaolo group and active in the management of investment funds, acquired a majority stake in Germani through infrastructure funds managed by Eurizon Capital Real Asset Sgr, with the aim of supporting the company’s industrial expansion.
Founded in 1965 and headquartered in San Zeno Naviglio, in the province of Brescia, the Germani group operates in road freight transport, intermodal services and activities linked to environmental logistics. Over the years the company has developed specific expertise in the transport of waste and materials related to environmental emergencies, a segment in which it is considered one of Italy’s leading operators. Strengthening intermodality has long been one of the group’s strategic priorities, also in relation to emission reduction targets in the transport sector.
Growth through acquisitions has already been part of Germani’s strategy in previous years. In 2020 the group acquired a majority stake in Trasporti Vecchi Zironi, a transaction that was also advised by Vitale as financial advisor. The investment in the Emilia-based company was seen as a step to expand activities in intermodal transport and lower-impact logistics. The acquisition of Löblein therefore represents a further extension of this strategy, this time on an international scale.
Löblein Transport operates in road–rail intermodal transport, with particular specialisation in bulk cargo and industrial traffic. The company is headquartered in Schillingsfürst, Bavaria, and also has an operational facility in Italy in Sommacampagna, in the province of Verona, close to the Quadrante Europa intermodal hub. This location enables direct operations within one of Europe’s main logistics platforms dedicated to combined rail–road transport. Löblein operates a fleet of around 100 vehicles and approximately 800 containers used in intermodal operations. The company employs more than 130 people and exceeded €45 million in revenue in 2025.
The integration between the two companies aims to strengthen Germani’s presence along the logistics corridor connecting Italy with north-central Europe. Traffic between Germany and Italy represents one of the main corridors for European intermodal transport, particularly for industrial goods and flows linked to manufacturing production. Bringing a German operator already established along these routes into the group will enable the Italian company to expand its operational network and consolidate links between the logistics hubs of the two countries. Expected synergies mainly concern the integration of fleets and logistics infrastructure, as well as the potential to further develop intermodal services.
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