Indotek to acquire a 24% stake in Waberer's International from Mid Europa Partners.

Indotek, a real estate investment and development business, agreed to acquire a 24% stake in Waberer's International, the Hungarian listed freight and logistics business, from Mid Europa Partners, a buyout house focused on central and south-eastern Europe. The transaction, which requires competition authority clearance, is expected to close by the end of the first quarter of 2021. Financial terms were not disclosed. "This transaction recognises the leading position of Waberer's as a mission-critical provider of transportation, warehousing and insurance services in Hungary and Europe. We look forward to be supported by Indotek Group in our efforts to complete the restructuring programme and further build on the strengths of Waberer's in the long-term. We are committed to remaining the backbone of the Hungarian supply chain and a leading European FTL transportation provider," Barna Erdélyi, Waberer's CEO.