EQUITA assisted Customs Support

EQUITA K Finance - Mid-market M&A advisory
Custom Support 1920x1080
Custom Support 1920x1080

Customs Support, the leading provider of integrated customs services and digital customs solutions, has acquired Errek Trento S.r.l. CAD and Errek Logistica Srl – together Errek Srl.

The acquisition enables Customs Support to provide more comprehensive solutions for their clients, allowing them access to an even larger network of global resources with local knowledge, while ensuring efficiency and reliability through their cutting-edge technology platform. With this new addition, clients can expect the best-in-class user experience by streamlining processes such as authorization for special procedures, the correct identification of the origin of products, tariff classification, filing entry documents, tracking shipments and obtaining refunds from customs authorities quickly and easily.

Carlo Massimiliano Curzel, Managing Director of Errek, said: “We are thrilled about this acquisition which reinforces our commitment to delivering superior service and support across multiple markets and countries. We look forward to continuing our growth while providing our customers with seamless access to global trade opportunities.”

Frank Weermeijer, CEO of Customs Support: “Errek is known and appreciated for the level of services it offers and for the attention paid to each customer’s needs. We are excited to have them on board as we continue to expand our reach and offer comprehensive solutions to businesses worldwide.”

Customs Support has been assisted as financial advisor by Equita K Finance – Italian partner of Clairfield International and part of Equita Group. Law firm Pavia e Ansaldo assisted on the legal aspects. In addition, Customs Support has been assisted by New Deal Advisors for financial due diligence, for tax due diligence by the firm Chiaravalli – Reali e Associati and for payroll due diligence by BLCI. Customs Support has been assisted by Ploum and Studio Armella for customs due diligence.
The shareholders of Errek have been assisted on the legal aspects by Studio Legale Zumerle.

Tha transaction in a nutshell

2023 03 Tombstone CustomsSupport Errek

The acquisition enables Customs Support to provide more comprehensive solutions for their clients

Client:
Customs Support
Date:
March 2023
Mandate:
Financial Advisor
Role:
Clairfield Italy (Equita K Finance) and Clairfield Germany acted as financial advisors to the buyers in this transaction
Value:
Undisclosed
Typology:
M&A advisory
Advisor:
EQUITA Mid Cap Advisory

The company

Errek has been focusing its operations on excellence since 1969, constantly expanding and improving its wide range of services across North-Eastern Italy as a trusted Customs partner and proxy for Intrastat declarations. For 50 years Errek has been focusing its operations on customers excellence, improving its wide range of services and constantly expanding, resulting in offices in 3 locations in Trento, Bolzano and Vicenza. In 2004, Errek S.r.l. CAD was founded in response to the diverse needs of businesses in the Trentino Alto Adige region.

Headquartered in the Netherlands, Customs Support Group is Europe’s leading independent, digital and neutral provider of customs services employing >1,700 dedicated customs professionals serving over 30,000 customers annually. Through an extensive service offering and digital capability, they consistently support the customers in maximising regulatory compliance, achieving operational efficiencies, import duty optimisation, duty planning, and ongoing development for a constantly shifting customs landscape. In addition to traditional brokerage and digital services, Customs Support Group offers customs consulting and gas measurement services. The company is currently active in the Netherlands, Belgium, Germany, France, United Kingdom, Poland, Italy, Ireland, Finland, Sweden, Switzerland and Spain. In Europe, Customs Support Group serves many cross-border clients in several industries such as automotive, food and beverage, and many more. Customs Support is the number one in digital customs and invests substantially in the digitalisation of the customs process.