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16 March 2007

GreenCarrier acquires Corneel Geerts International Transport Sverige AB

The Gothenburg-headquartered logistics specialist GreenCarrier has acquired Corneel Geerts International Transport Sverige AB, the Swedish subsidiary of Transportgroup Corneel Geerts, which is headquartered in Belgium. No financial details have been released.

The Corneel Geerts operation in Sweden has an annual turnover of approximately SKr 40 million and operates trailer services to and from the Benelux, France and the UK. Around 10,000 full loads were handled in the past 12 months.

According to Niklas Olsson, Managing Director of GreenCarrier Scandinavia AB, this move will broaden the range of services GreenCarrier can offer its customers:

"With the acquisition, we will immediately gain a strong foothold in parts of Europe where, previously, we were only a minor player. We have signed an agency agreement with Corneel Geerts in Belgium and we intend to build upon the existing business in a smooth and progressive way.
"As part of the Bjork.Eklund Group, GreenCarrier has access to a large customer base and strong IT capabilities. We are confident that our traffic volumes on these new routes will develop rapidly."

Mr Olsson continued:

"We have identified large areas of synergy that will benefit our customers directly. For GreenCarrier customers, we will be offering more capacity and a wider selection of destinations by road while Corneel Geerts' customers will have access to a broader network of offices and ancillary services throughout Sweden."

GreenCarrier has offices in Gothenburg, Helsingborg, Karlstad, Linköping, Stockholm, Skellefteå, Luleå and Oslo as well as fast-growing links with the Baltic States, Russia and other former Eastern European countries. In 2006, it moved into China, opening offices in Hong Kong and Shanghai.

The four people employed by Corneel Geerts in Sweden are expected to transfer to GreenCarrier's office in Gothenburg by April.

-ends-

Issued by:
Dunelm Public Relations
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70 Wapping Lane
London, E1W 2RD
UK
Tel: + 44 (0) 20 7480 0600
Fax: + 44 (0) 20 7480 0606
www.dunelmpr.co.uk

On behalf of:
Björk.Eklund Group
Torgny Segerstedtsgatan 80
PO Box 1076
SE - 405 22 Göteborg
Sweden
Tel: + 46 (0) 31 85 55 00
Fax: + 46 (0) 31 85 55 29
www.bjorkeklund.com

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