"The continued positive business development makes this financial feat possible," says Gerd Peters, Chief Financial Officer (CFO) of the Hoyer Group, explaining the doubling of the investment volume planned for 2019. "We have identified promising investment projects in all business areas for Hoyer. From this, a comprehensive investment package has been put together, which is spread across the areas of business development, property, plant and equipment, acquisitions and replacement investments," says Peters.

The international logistics specialist has focused on the further development of its successful digitalization initiative. As a pioneer in digital logistics, the company is already working intensively on the solutions of tomorrow. The core element is the successive equipping of tank containers with innovative telematics systems and intelligently networked software. As in the past, Hoyer is continuing to invest heavily in property, plant and equipment: around a third of the funds are being used to modernize and expand the tank container fleet for the intermodal business and activities in the overseas business. In addition, the number of tank containers and IBCs (Intermediate Bulk Containers) for the rental business will be significantly increased.

The Hoyer Group allocates its investments primarily to business areas with attractive future prospects. The increasing order volume encourages the company to further expand the Supply Chain Solutions (SCS) business line internationally. In the coming years, plant logistics activities in particular will be stepped up and - initially in Germany and the Netherlands - the construction of a hazardous materials warehouse and an expansion of the filling operations for small containers will be realized. The logistics company has budgeted a double-digit million amount for possible acquisition projects such as company purchases and joint ventures. The extensive investment plan is rounded off with annual replacement investments.