The Rhenus Group acquires Spanish integrated supply chain specialist company LTK which focuses on logistics solutions for the aerospace and automotive industries.
In addition to its headquarters in Madrid, LTK has storage capacity at three other locations in Spain. Founded in 2002, the company is represented in the Spanish capital, in the Basque Álava, as well as in the Andalusian locations in Seville and Cádiz. A total of over 26,000 sqm of storage capacity is available across its locations.
Customers include the Airbus Group and Alestis Aerospace, among others. In addition to warehousing, LTK offers supply chain management, procurement, return and spare parts logistics, quality checks as well as industrial handling and aircraft floor handling.
The logistics service provider carries out more than 110,000 technical tests for its customers every year. LTK has been supplying Airbus production facilities in Cadiz and Seville since 2004. The logistics warehouses record more than one million incoming and outgoing goods movements per year.
“In the future, LTK’s warehouse locations will form the basis for the further expansion of Rhenus Warehousing Solutions in Spain,” says Andreas Plikat, managing director of Rhenus Warehousing Solutions Europe. “Together we hope for growth opportunities in the Spanish aerospace sector. In addition, we can enter the European aeronautical market with the newly acquired know-how and the support of LTK.”
LTK’s locations are certified according to EN 9120, a standard for dealers and warehouse keepers in aviation, space travel and defense, as well as ISO 9001 (quality management), ISO / IEC 27001 (information security) and ISO 14001 (environmental management).