TPG purchase “fills a strategic white spot“

Nordic parcel firm through its TNT Logistics subsidiary. TNT has bought half of DFDS Transport Logisitics, part of DSV A/S which is a transport, logistics and environment group with bases in Denmark, Sweden, Norway and Finland. In a statement TPG said the joint venture would “create a leading logistics player in the Nordic region and fills a strategic white spot in TPGs European logistics activities.“
DSV A/S has restructured and separated its Nordic logistics business from the rest of the group. This separate entity is called DFDS Transport Logistics. DSV A/S will retain ownership of the remaining 50% of the company, to be called TNT DFDS Transport Logistics.
Roberto Rossi, TPGs group managing director for TNT Logistics said “The Nordic region is a key area of expansion for us. The region has above average growth for outsourced logistics and is also positioned as an entry point to the Baltic and the Russian Markets.“