Norway Post and Itella have announced they are forming a joint venture combining their informationlogistics activities in Norway. Itella will own 51% and Norway Post 49% of Itella Information AS.
The aim of the joint venture is to make Itella Information AS into the leading informationlogistics company in Norway, the two companies announced. Itella Information provides services forthe processing, management and delivery of information flows.
Norway Post will transfer its information logistics to the joint venture, which will have netsales of approximately EUR 25 million. The deal is conditional and requires the approval of thecompetition authorities.
“This is part of the implementation of the Norway Post Group’s strategy, and is a proactivemeasure which will make the new joint venture a leading player in the industry in Norway,” saidLars Tendal, Senior Vice President of the Post Division, Norway Post.
“This is the next step in the execution of Itella’s strategy in Northern Europe. In January,Itella bought the business operations of BusinessPoint in Poland. We believe that, throughcooperation and common solutions, we will provide the strongest value proposal to our Norwegiancustomers,” added Heikki Länsisyrjä, Senior Vice President, Itella Group.
