Cube acquires majority stake in Müller Transporte

• Müller Transporte is a an Austrian temperature-controlled logistics operator with domestic agri-food and European pharma activities
• The company operates through four temperature-controlled platforms in Austria and a fleet of 375 vehicles
• Fritz Müller, who has led the family company’s development over the last decades, will retain a 30 percent stake

Cube Infrastructure Managers has agreed to acquire a 70 percent stake in Austrian temperature-controlled logistics operator Müller Transporte, on behalf of Cube Infrastructure Fund III. The transaction is expected to close in the coming weeks.

Vienna-based Müller Transporte is an Austrian temperature-controlled logistics operator with domestic agri-food and European pharma activities. The company has a network of four temperature-controlled platforms and a fleet of approximately 375 Euro-trucks and other vehicles.  The group employs around 700 people and generated revenues of over €100 million in the financial year ending June 2022.

Müller Transporte is Luxembourg-headquartered Cube’s second investment in the European temperature-controlled logistics market, following the acquisition of Dispam in France earlier this year.

“Cube invests in businesses which capitalise on megatrends driving the need for sustainable infrastructure,” said Stefan Weis, partner of Cube Infrastructure Managers. “We support operating companies managing and owning essential infrastructure in Europe and Müller Transporte is a perfect example of this commitment. We have been impressed by the outstanding development achieved by Müller Transporte over many years and are looking forward to supporting our partners Fritz and Karin Müller in their growth initiatives.”

Cube Infrastructure Managers is an independent management company focusing on investments in the European infrastructure sector. The firm has raised €4 billion through four funds and it has made over 40 investments in Europe, across telecoms and digital, energy transition, transport, EV charging and municipal infra services sectors.