Paneco

What Paneco does

Paneco (legally "Paneco Pan European Cooperation AG") is a privately held freight forwarding network headquartered in Zug, Switzerland, founded on April 8, 2021, by four founding shareholders: ABC Network (Italy), Cargo24 (Switzerland), ELVIS AG (Germany), and Fine Logistics (Poland). The company coordinates a network of 21+ partner freight forwarding companies covering 31 European countries, providing door-to-door distribution of groupage, part loads, and full loads. It serves two principal customer segments: (i) freight forwarding companies in the TSL (Transport-Spedition-Logistik) industry seeking pan-European reach via network membership, and (ii) enterprises and shippers requiring cross-border logistics services. Named enterprise references include DELL, routed through partner JET Logistics in Belgium for high-security transport of high-value goods.

Paneco's core technology is a proprietary multilingual IT platform that operates as the common operational backbone for the network. The system enables partners to accept orders, track shipments, and invoice loads transparently, with each partner working in their native language. Paneco positions itself as a coordinator rather than an asset-heavy operator: the actual freight handling is executed by partner companies that own trucks, warehouses, and local sub-networks. This asset-light model is what enables broad continental coverage without Paneco AG itself bearing capital intensity.

The business model combines recurring network membership and platform-access fees with freight forwarding services coordinated through partners. Most partners also hold equity in Paneco AG, creating a cooperative ownership structure with aligned incentives. Go-to-market is channel-partner-driven: Paneco recruits transport companies through direct outreach, partner referrals, and the annual NETCON partner meetings (rotating hosts Germany 2021, Italy 2022, Spain 2023, Lithuania 2025). Pricing is quote-based and not publicly disclosed. The company is bootstrapped — no external venture capital or private equity funding has been disclosed — and HQ staffing is approximately 10 people.

Name

Paneco

Legal name

Paneco Pan European Cooperation AG

Website

https://paneco.eu

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Paneco is a Swiss-headquartered pan-European freight forwarding network coordinating 21+ partner companies across 31 countries through a proprietary multilingual IT platform, providing door-to-door groupage, part-load, and full-load transport for TSL-industry members and enterprise shippers.

Ownership category

akta.pro rank

Headquarters

HQ city

Zug

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Network Membership and Platform Access: Paneco functions as a coordinating network for freight forwarders. Partners pay for access to the common platform and operational system. The network facilitates freight forwarding across Europe with uniform rules and billing between partners.
2. Freight Forwarding Services (via Partners): Paneco enables member companies to provide comprehensive logistics services (groupage, part loads, full loads) across Europe. Revenue flows through the partner network, with Paneco providing the coordination platform and brand.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Paneco operates a pan-European freight forwarding network that connects freight forwarders from almost all European countries under a unified operational system. The network enables door-to-door transport services for groupage, part loads, and full loads across Europe through partner companies, supported by a proprietary multilingual IT platform that handles ordering, shipment tracking, and transparent billing.

Product overview

Paneco is a pan-European freight forwarding network that operates as a unified platform connecting freight forwarders from EU and non-EU European countries. The core offering is the Paneco Network, which provides comprehensive logistics services including groupage, part loads, and full load transport across Europe. The network is supported by the Paneco IT System/Portal, a common operational platform that enables partners to place orders, track shipments, and manage transparent billing. The system allows partners to work in their native language while maintaining uniform standards and processes across all member companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Paneco Network A pan-European freight forwarding network that connects freight forwarders from almost all European countries, enabling door-to-door transport services for groupage, part loads, and full loads across the continent regardless of geographical, cultural, or linguistic boundaries. Customers access the network by contacting Paneco directly or any partner member.
• Groupage Transport

Quantifiable outcome

• Over 30 permanent international transport lines created within one year of founding
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

27 partnerships are on record, tiered founding and core.

• ELVIS AGfoundingStrategic or Co-development Partner · 8 April 2021ELVIS AG (Germany) is one of the four founding shareholders of Paneco. It is one of the largest transport networks in the German market, led by Jochen Eschborn. ELVIS hosted the first NETCON 2021 partner meeting in Germany. ELVIS operates a CO2 offsetting program for itself and partner companies.
• Cargo24foundingStrategic or Co-development Partner · 8 April 2021Cargo24 (Switzerland) is a dynamically growing freight forwarder network in Switzerland and one of the four founding shareholders of Paneco, founded by Robert Einstein.
• ABC Business NetworkfoundingStrategic or Co-development Partner · 8 April 2021ABC Business Network (Italy) is one of the four founding shareholders of Paneco. Led by Matteo Ravazzin, it established the ABC Network transport network in Italy and hosted NETCON 2022 in Verona.
• Fine Logistics (Poland)foundingStrategic or Co-development Partner · 8 April 2021Fine Logistics (Poland) is one of the four founding shareholders of Paneco, along with ELVIS (Germany), ABC Business Network (Italy), and Cargo24 (Switzerland).
• Kommodus S.A.coreStrategic or Co-development Partner · 8 April 2021Kommodus S.A. (Poland) is a key Paneco shareholder and was one of the original founding organizations. Led by Dariusz Wakuła, Kommodus operates freight forwarding companies in Poland and Germany. It partnered with Paneco to organize humanitarian aid transports to Ukraine.
• NCS (Finland)coreChannel Partner/ Reseller/ DistributorNCS is a Paneco partner representing Finland in the network.
• Transaher (Spain)coreChannel Partner/ Reseller/ DistributorTransaher is a Spanish logistics company specializing in integrated transportation and warehousing services with over 35 years of experience. It hosted NETCON 2023 in Madrid.
• Simarco (UK)coreChannel Partner/ Reseller/ DistributorSimarco is the Paneco partner representing the United Kingdom. It established a fixed transport line with ELVIS (Germany) within the Paneco network.
• ABC Network (Italy)coreChannel Partner/ Reseller/ DistributorABC Network (Italy) represents Italy in the Paneco network and hosted NETCON 2022 in Verona.
• Transnautica Global Logistics (Portugal)coreChannel Partner/ Reseller/ DistributorTransnautica Global Logistics S.A. is a Portuguese logistics company established in 1960 and headquartered in Porto. It joined Paneco in May 2025.
• TKA Logistics (Serbia)coreChannel Partner/ Reseller/ DistributorTKA Logistics (formerly Transport Kombi As) joined Paneco as the exclusive partner for the Western Balkans region, covering Serbia and surrounding countries.
• HST Groep (Netherlands)coreChannel Partner/ Reseller/ DistributorHST Groep represents the Netherlands in the Paneco network. The company is very sustainability-focused with 3 solar roofs comprising 3745 solar panels.
• Allmed (Ireland)coreChannel Partner/ Reseller/ DistributorAllmed is the Paneco partner representing Ireland. The company is active in logistics and warehousing, with team member JJ Tynan studying logistics and supply chain management.
• ViT Logistics (Czech Republic)coreChannel Partner/ Reseller/ DistributorViT Logistics s.r.o. is a medium-sized freight forwarding company with over 80 employees and turnover of more than 15 million euros. Headquartered in Prague with branches in Klecany, Brno, and Trnava (Slovakia). Provides international groupage service, customs brokerage (AEO certification), and warehousing (10,000 m2). Growing over 20% annually.
• NTEX AB (Sweden)coreChannel Partner/ Reseller/ DistributorNTEX AB is the Paneco partner representing Sweden in the network.
• CTS Group (Belgium)coreChannel Partner/ Reseller/ DistributorCTS Group is the Paneco partner for Belgium, providing daily import and export pallet transport services.
• Toten Transport AS (Norway)coreChannel Partner/ Reseller/ DistributorToten Transport AS joined Paneco on July 5, 2024 as the partner for Norway. It is one of the largest privately-owned transport and logistics companies in Norway with a strong presence across Scandinavia.
• Delamode Group (Baltics)coreChannel Partner/ Reseller/ DistributorDelamode Group represents the Baltic countries (Estonia, Latvia, Lithuania) in the Paneco network. One of the TOP-100 largest Lithuanian transport and logistics companies with over 480 employees and 300 trucks. Received A+ European Business Masters 2023 certification.
• Pedretti (France)coreChannel Partner/ Reseller/ DistributorPedretti is the Paneco partner representing France in the network.
• Locargo (Hungary)coreChannel Partner/ Reseller/ DistributorLocargo (Hungary) joined Paneco in 2024. Founded in 1992, it provides logistics services in Hungary and expanded to Austria in May 2024 by becoming a Paneco partner.
• Icon-X (Armenia)coreChannel Partner/ Reseller/ DistributorIcon-X is the Paneco partner representing Armenia in the network.
• Lagermax Group (Austria)coreChannel Partner/ Reseller/ DistributorLagermax Group from Austria joined Paneco in 2023, signing the partnership contract shortly before NETCON 2023 in Madrid.
• DIMOTRANS Group (France)coreChannel Partner/ Reseller/ DistributorDIMOTRANS Group joined Paneco on November 1, 2023, signing during NETCON 2023 in Madrid. The company employs over 2,700 people across 80+ offices in France. Turnover grew from €157M (2012) to €803M (2022). Specializes in multimodal transport (road, air, sea), parcel/pallet delivery, customs, and logistics.
• JET Logistics (Belgium)coreChannel Partner/ Reseller/ DistributorJET Logistics is a Paneco partner in Belgium. The company invested in new tractors including LNG-powered vehicles, provides high-security transport services for DELL, and celebrated Truck Driver Day with its drivers.
• ILT Logistics (Greece)coreChannel Partner/ Reseller/ DistributorILT Logistics joined Paneco on October 1, 2022 as the partner representing Greece.
• Fevzi Gandur Logistics (Turkey)coreChannel Partner/ Reseller/ DistributorFevzi Gandur Logistics is Paneco's Turkish partner. Awarded Good Distribution Practices (GDP) certification and recognized as one of Turkey's Best Workplaces of 2022 by Great Place to Work for the 3rd time.
• Santos & Vale (Portugal)coreChannel Partner/ Reseller/ DistributorSantos & Vale is a Paneco partner representing Portugal in the network.

Scale indicators4 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• WCA Family of Logistics Networks: WCA is the world's largest network of independent freight forwarders, operating a software-enabled model very similar to Paneco — connecting small/medium forwarders globally to offer combined capacity. Paneco competes most directly with WCA's European road-freight segment.
• GLA (Global Logistics Associates): GLA is a non-exclusive global network of independent freight forwarders and customs brokers, structured similarly to Paneco around member-driven coverage and shared operational standards for cross-border shipments.
• Air & Ground Logistics Alliance (AGLA): AGLA is a global alliance of independent logistics providers combining air and ground services — a comparable network model to Paneco, with member companies coordinating capacity across geographies.
• Globalink Logistics Group: Globalink is an international freight forwarder network spanning multiple continents with shared IT systems and member-driven coverage. Like Paneco, it enables smaller forwarders to offer international services through a coordinated platform.
• Europartners Group: Europartners is a European-focused freight forwarder network organized similarly to Paneco, pooling small and mid-sized forwarders to deliver pan-European groupage, part-load, and full-load services through shared standards.

Broad incumbents

• DB Schenker: DB Schenker is a global integrated logistics provider with extensive European land transport operations. It competes for the same enterprise and mid-market European freight customers that Paneco's network targets.
• DACHSER SE: DACHSER is a leading European integrated logistics provider with a strong European groupage network (Eurolog). It is a key competitive incumbent to Paneco in European palletized groupage and part-load services.
• Geodis: Geodis is a major global freight forwarder with substantial European road, air, and sea operations. Its integrated European distribution network directly overlaps with Paneco's groupage and full-load offerings.
• Kuehne+Nagel International AG: Kuehne+Nagel is a global integrated logistics provider with deep European road-freight and forwarding presence. It competes with Paneco for pan-European shipper contracts and benefits from owned infrastructure and procurement scale.
• DSV A/S: DSV is one of the world's largest integrated freight forwarders with full road, air, and sea operations across Europe. It competes with Paneco for the same mid-market and enterprise shipper base, but with owned capacity and global scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/paneco-eu

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paneco