Finland Post Group said on July 10, 2006 it would acquire Norwegian logistics firm Universal Spedisjon AS from the two families owning it.
No financial details were available.
The transaction is subject to approval by the Norwegian Competition Authority. It will not affect Universal Spedisjon’s staff of 75.
Read MoreFinland Post Corporation is to acquire the Norwegian logistics company Universal Spedisjon AS from the two families owning it. Universal Spedition AS posts net sales of approximately EUR 44 million, and operates via its outlets with terminals based in Oslo, Kristiansand, Stavanger, Trondheim and Bergen.
Universal Spedisjon provides cargo, forwarding and contract logistics services in Norway and throughout Europe in collaboration with partners. The company employs a staff of 75, whose jobs will not be affected by the acquisition in any way.
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Read MoreFinnish state-owned postal and logistics services provider Finland Post Corporation (Suomen Posti Oyj) said on Wednesday (1 February) that it is acquiring the Swedish logistics company Roadlink Spedition AB. Roadlink Spedition has an annual turnover of EUR25m and it has four outlets with terminals based in Stockholm, Malmo, Gothenburg and Jonkoping. The acquisition price was not disclosed.
Read MoreUnder an agreement Eesti Post (Estonian Post) and the Danish-Norwegian company Pan Nordic Logistics signed today, Eesti Post’s ELS express delivery service will expand to the Nordic countries, making the forwarding of parcels both faster and cheaper. The service meant primarily for corporate customers allows to cut the price of forwarding parcels to the Nordic countries by 20-30 percent and should shorten the time of delivery to 1-3 days depending on the area of the destination country, Eesti Post said. “We are implementing one of our strategic goals, that of expanding our ELS express delivery service to the Nordic market,” CEO Peeter Raudsepp said. The company expects the volume of ELS services to grow more than 30 percent this year.
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