STEF SA (ENXTPA:STF) signed an agreement to acquire Langdon Group Ltd from Kraftverkehr Nagel GmbH & Co. KG on October 19, 2021. Following this agreement, STEF Group and Nagel-Group will enter into distribution agreements to enable Nagel-Group to make use of the Langdon Group's distribution network for its operations in the UK.

Langdon Group employees will join STEF. In a related transaction, Nagel Logistik + Beteiligungs acquired Langdon Group in 2004. Langdon Group reported a turnover of € 167 million in 2020.

The transaction still needs to be approved by the competition authorities and subject to the approval of Regulatory authorities. The transaction is due to be completed by January 1, 2022 and be accompanied by a reciprocal distribution agreement. The Stef Group announces that on December 31, 2021, following the favourable opinion issued by the regulatory authorities.

Bryan Cave Leighton Paisner LLP acted as legal advisor to STEF SA (ENXTPA:STF).