DHL plans to buy logistics companies in Baltics

Deutsche Post AG’s express services and logistics company DHL plans to buy local logistics companies in Estonia, Latvia and Lithuania, BNS news agency said.

Managing director of DHL Express Nordics Bill A. Blomquist said the company plans to expand in the Baltic countries. ‘This will happen through organic growth and takeover of local logistics companies,’ he said.

Blomquist said the process has already started and talks with local companies are underway.

The CEO of DHL Express Nordics earlier said that growth in the Baltics is part of the company’s strategic plan to turn the region into an important connecting link between the East and the West, according to BNS.

Blomquist said DHL will continue to use its existing terminals and will invest to build new terminals in suitable locations for clients.