C.H. Robinson agrees to sell European Surface Transportation to sennder

C. H. ROBINSON WORLDWIDE, INC.

Sale of European Surface Transportation (EST) business to digital freight forwarder sennder Technologies GmbH.
Expected close in Q4 2024, subject to regulatory approvals and customary conditions.
Divestiture part of enterprise strategy to focus on four core modes: North American truckload/LTL and global ocean/air.
Terms not disclosed; C.H. Robinson retains European Global Forwarding and TMC operations.
Morgan Stanley & Co. LLC served as financial advisor to C.H. Robinson on the transaction.

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