Greencarrier Freight Services acquires Transpoint International in Poland

2012 03 27

SWEDISH logistics firm Greencarrier Freight Services has purchased a majority shareholding in the leading logistics service provider in Poland, Transpoint International, in a bid to strengthen its position in the Nordic and Baltic Sea regions.

The shares were purchased from the managing director of Transpoint in Poland, Arkadiusz Prejna, who will retain the remaining shares.

Transpoint in Poland provides cross-border transportation services, delivering parcels and part- and full loads between Finland, Scandinavia, the Baltic States, the UK, Turkey, the Czech Republic, Slovakia and Poland.

"This acquisition is in line with Greencarrier Freight Services' strategy to be the best transport solution provider having the Nordic and the Baltic Sea regions as its domestic market," said Peter Nevhagen, CEO of Greencarrier Freight Services International. "Transpoint International is a perfect match for us since Poland has been a white spot on the map for Greencarrier until now."

The acquisition consists of Transpoint in Poland and its subsidiaries in the Czech Republic and Slovakia. The company brings 80 employees to serve Greencarrier's customers in this region.

"Greencarrier Freight Services is an ideal partner for us with its network of offices in our major markets in the Nordic countries, the Baltic states and the UK," said Mr Prejna, who will continue as the managing director of Transpoint in Poland. "Together with Greencarrier we plan a continuous expansion of our business activities not only in road freight but also in ocean and air freight."

With the acquisition of Transpoint International, Greencarrier Freight Services expects to generate a turnover of EUR175 million (US$230.0 million) and have 425 employees in 13 countries, the company said in a statement.

Source Shipping Gazette - Daily Shipping News

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