Norway Post to buy Sweden’s Transflex Group

Norway Post has entered into a contract to buy all the shares in Transflex, a Swedish transport and logistics group. This acquisition will strengthen the position of Norway Post and Nor-Cargo in the Nordic region and within the field of international land transport.

”We’re very pleased to have concluded this contract. This will improve our services to our Nordic and international customers,” says Dag Mejdell, Norway Post’s CEO.

The purchase of Transflex is part of the Norway Post Group’s strategy of expanding within the Nordic region. This transaction emphasizes Norway Post’s ambition of getting a foothold in Sweden and becoming one of the four largest logistics companies in the Nordic region.

Transflex was established in 1998 and has operations in Halmstad, Gothenburg, Stockholm, Jönköping and Linköping. It has 75 employees and achieved revenue of SEK 417 million in 2006. Transflex has grown dramatically since its formation and is one of this industry’s most profitable and well-run players.

”Norway Post is an owner that will be good for the Transflex Group’s further development,” says Gert Paulsson, the CEO and founder of the Transflex Group.

The Transflex Group will become a part of Norway Post’s logistics network in Sweden together with refrigerated-transport company Frigoscandia, courier and express delivery company Box and Nor-Cargo’s Swedish operations. The acquisition of Transflex will strengthen Norway Post’s and Nor-Cargo’s
opportunities to establish a strong international network based in Southern Sweden.

For further information:
Merete Jebsen, Chief Press Officer, Norway Post, tel: +47 932 56 552
Norway Post’s 24-hour press telephone, tel: +47 95 14 80 00