Norway Post announced yesterday that it had entered into a contract to buy all the shares inTransflex, the Swedish transport and logistics group.
The acquisition will strengthen the position of Norway Post and Nor-Cargo in the Nordicregion and within the field of international land transport, giving it a strong foothold insouthern Sweden, the group said.
“We’re very pleased to have concluded this contract. This will improve our services to ourNordic and international customers,” said Dag Mejdell, Norway Post’s CEO.
Buying Transflex is part of Norway Post’s strategy to grow into one of the four largestlogistics companies in the Nordic region.
Transflex was established in 1998 and has operations in Halmstad, Gothenburg, Stockholm,Jönköping and Linköping. It has 75 employees and achieved revenue of SEK 417 million (EUR 44.88million) in 2006.
The Transflex group will become a part of Norway Post’s logistics network in Sweden togetherwith refrigerated-transport company Frigoscandia, courier and express delivery company Box andNor-Cargo’s Swedish operations.
