ICM Logistik AB sells remaining DHL contracts to Tornfrakt AB
The Swedish logistics services provider ICM Logistik AB said on Wednesday (26 July) that it has signed a preliminary agreement to sell its remaining distribution assignments from DHL Express to Tornfrakt AB.
The proposed transaction means that Tornfrakt will take over four vehicles and four employees from ICM Logistik.
The financial details of the transaction were not disclosed, but ICM Logistik said that the assignments represent an annual turnover of approximately SEK4m.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
