Transeuro Worldwide Movers has sold its entire share capital to Deutsche Bank Ventures and partners. The logistics firm is now part of a new Deutsche Bank-led holding company, yet to be named.
A similar agreement has already been completed between the holding company and Amertrans. The synergies between the companies will allow significant expansion.
'The relocation industry has been growing exponentially and this agreement represents a great leap forward in terms of opportunities and growth,' said Transeuro chairman and managing director Paul Evans.