Networks: The Key to European Logistics
Networks: The Key to European Logistics
Read MoreTag: Sweden
Postal Services in Europe 2006
Postal Services in Europe 2006
Read MoreErik Olsson resigns from Posten AB
Erik Olsson, President and CEO of Posten AB, and proposed President and CEO for the merged company with Post Danmark, leaves his position immediately due to lack of confidence from the Board.
Lars G. Nordström is appointed President and CEO of Posten AB. He will also lead the task of preparing for the integration with Post Danmark. Lars G. Nordström is a member of the Board of Nordea, where he was President and CEO until 2007. He is also a member of the board of TeliaSonera and VikingLine.
The process to recruit a permanent President and CEO will begin immediately.
Accord to contract, Erik Olsson has the right to 12 months notice in case of dismissal. He is also entitled to a severance pay equal to one year’s salary. The severance pay will be deducted against employment income. Olsson will be at the company’s disposal during his period of notice.
Read MoreStronger Transport Service Network for Itella Logistics in Norway
Itella Logistics has signed an agreement for taking over the business of Universal Spedisjon Bergen AS. After the approval of competition authorities in Norway and after the de-merger formalities are completed, Universal Spedisjon AS Bergen business will be transferred completely to Itella Logistics AS, which has been a 50 pct shareholder of the company for the last few years.
– This strategic acquisition will strengthen our position in Norway as one of the leading logistics operators in the market. Universal Spedisjon Bergen has developed successfully logistics services within national and international transport, freight-forwarding, and contract logistics, comments Kjell-Arne Eloranta, Managing Director of Itella Logistics AS.
Itella Logistics´ operations in Norway started in 2006 when it acquired Universal Spedisjon AS in Oslo, Kristiansand, Stavanger and Trondheim.
Norway Post buys Swedish transport firm
Norway Post today continued its Nordic expansion with the acquisition of Swedish road haulage company CombiTrans for an undisclosed sum. The deal will strengthen its logistics activities in the region.
CombiTrans, with 105 employees, had operating profits (EBIT) of SEK 50 million (euro 5.4 million) on revenues of SEK 540 million (euro 57.9 million) in 2007. In 2006, it dispatched 16,000 vehicles and 94,000 consignments with a freight haulage weight of 348,000 tonnes.
The company, set up in 1986, specialises in international road haulage services for single consignments, as well as full and part loads. It covers the whole of Europe, with particular focus on Greece, Turkey, the Balkans, and the rest of Eastern Europe, as well as Central Asia and the Middle East. It has offices and terminals in the Swedish towns of Varberg, Malmö, Ystad and Jönköping, as well as in Greece.
Norway Post has expanded strongly in the Nordic region in recent years in order to reduce dependency on the mail market, diversify into growth sectors such as international transportation and logistics, and counter the expansion of multinationals in the region. It has invested over euro 636 million on acquisitions, and aims to double revenues from outside Norway to nearly 50% of group revenues by 2011.
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