Tag: Norway Post

Norway Post has signed an agreement to buy Nor-Cargo Holding ASA for NOK 850 million. The transaction strengthens Norway Post’s core business and makes the company a provider of a full range of logistics services. The acquisition is the largest ever made by Norway Post during its 356 years of existence. Norway Post takes over Nor Cargo Holding ASA from Det Stavangerske Dampskibsselskab ASA (DSD) and Ofotens og Vesteraalens Dampskibsselskap ASA (OVDS), with effect from 10 May this year. The acquisition does not include Nor-Cargo Shipping. The agreement is conditional upon due diligence and the approval of the Norwegian Competition Authority. The acquisition strengthens Norway Post’s position in the logistics market, where competition is fierce especially from international players. Norway Post’s acquisition of Nor-Cargo secures a competitive Norwegian alternative.