PostNord acquires transportation firm NH Logistics
PostNord AB has reached an agreement with Nordstjernan Industriutveckling for the acquisition of Nils Hansson Logistics (NH Logistics). The acquisition will complement PostNord’s logistics operations with “leading expertise in road transportation, further strengthening the group’s position as a leading supplier of logistics services to, from and within the Nordic region”, the company said.
PostNord is the new name of Scandinavian operator Posten Norden, after company re-branding in April. Posten Norden was created after a merger of the Swedish and Danish postal operators in 2009.
NH Logistics was founded in 1953 and has its main plant in Ljungbyhed, Sweden. The company had sales of over SEK 346m (EUR 37.8m) in 2010.
The operator runs shipping and transport operations within Sweden and between Sweden and Western Europe, primarily Germany, Spain and France. The company has been owned by Nordstjernan Industriutveckling since 2005.
Henrik Höjsgaard, head of business area logistics at PostNord, said: “NH Logistics is one of the premier road transportation operators in the Nordic region. The company provides PostNord with new expertise and strong relationships with operators in the European market.
“The acquisition is fully in line with our strategy of utilising partnerships and acquisitions to broaden and strengthen our offer and our position as a leading operator in logistics services to, from and within the Nordic region.”
Lars Lindgren, CEO of Nordstjernan Industriutveckling added: “With PostNord, NH Logistics gets an excellent industrial owner, one with a broad base in the Nordic region and within logistics. This means that the company will have optimal conditions for further strengthening and developing its customer base and service offer.”
The current CEO of NH Logistics AB, Jörgen Malmqvist, will continue in his role. The company will have a new Board of Directors following approval by the competition authorities. Current Board member Bengt Nordin will be a member of the new Board of Directors.