Itella Logistics to acquire Kauko Group
Itella Logistics has signed an agreement on the acquisition of Kauko Group specialized in providing international transport services.
Kauko Group will complement Itella Logistics’s service range outstandingly through its solid expertise in international road, air and sea freight, and will enable us to be even better equipped to implement global transport solutions, says Vesa Vertanen, Senior Vice President, Itella Logistics.
The sellers in this acquisition include Kaukohuolinta Invest Oy, part of the Juuranto Group company, Kauko Group’s operative management and Spedex Oy. – We are delighted that the buyer is Itella, a Finnish company which, as an international logistics operator, has good prospects for developing the company further, says Helena Juuranto-Perttunen, member of Kauko Groups’ Board of Directors.
Kauko Group has approximately 110 employees and, in addition to its head office located in Tuusula, offices in Turku, Tampere, Lahti, Tallinn, Riga, and a representative office in Moscow. In 2007, Kauko Group posted net sales of approximately EUR 56 million.
In connection with the acquisition, Kauko Group’s current Managing Director, Jarmo Halonen, has been appointed Country Manager of Itella Logistics Finland.
In connection with the acquisition, Itella Logistics has also entered into an agreement concerning the acquisition of Kauko Group´s Swedish affiliate company , Hansar Logistics AB, which will continue to operate as an independent company until further notice.
Itella Logistics has signed an agreement on the acquisition of Kauko Group specialized in providing international transport services.
Kauko Group will complement Itella Logistics’s service range outstandingly through its solid expertise in international road, air and sea freight, and will enable us to be even better equipped to implement global transport solutions, says Vesa Vertanen, Senior Vice President, Itella Logistics.
The sellers in this acquisition include Kaukohuolinta Invest Oy, part of the Juuranto Group company, Kauko Group’s operative management and Spedex Oy. – We are delighted that the buyer is Itella, a Finnish company which, as an international logistics operator, has good prospects for developing the company further, says Helena Juuranto-Perttunen, member of Kauko Groups’ Board of Directors.
Kauko Group has approximately 110 employees and, in addition to its head office located in Tuusula, offices in Turku, Tampere, Lahti, Tallinn, Riga, and a representative office in Moscow. In 2007, Kauko Group posted net sales of approximately EUR 56 million.
In connection with the acquisition, Kauko Group’s current Managing Director, Jarmo Halonen, has been appointed Country Manager of Itella Logistics Finland.
In connection with the acquisition, Itella Logistics has also entered into an agreement concerning the acquisition of Kauko Group´s Swedish affiliate company , Hansar Logistics AB, which will continue to operate as an independent company until further notice.
