GreenCarrier strengthens its Baltic presence with
the acquisition of Spedair
The Gothenburg-headquartered logistics specialist
GreenCarrier International has strengthened its position in Eastern Europe and
the Baltic region with the acquisition of Spedair, an independent Latvian
transportation and freight forwarding company, for an undisclosed sum.
Spedair was established in 1998 and is based in Riga,
Latvia. The company has subsidiaries in Kiev, Ukraine, and Minsk, Belarus, and
has a worldwide network of agents.
Spedair provides air, road, ocean and rail freight
forwarding, multi-modal transportation, warehousing and storage services, and
customs brokerage services. The company has its own fleet of vehicles operating
regular routes between Latvia, Ukraine and Belarus. Within Riga International
Airport, Spedair has a multifunctional cargo terminal that includes an open
bonded warehouse. In 2007, the company reached a consolidated turnover of
€3.4m and achieved a profit of €123,000.
Announcing the move, Staffan Kjellberg, Managing
Director of GreenCarrier International, said:
"In its niche, Spedair is a strong company
and the acquisition will help us to reinforce our position throughout the
Baltic Sea region. The culture and business philosophy of Spedair is very
similar to that of GreenCarrier; therefore, we do not plan substantial
alterations in the operations and strategy of the company.
"Spedair will continue operating in
accordance with its existing quality standards and will extend the range of
agency services it offers its clients. By combining the local market knowledge
of Spedair and its offices in Latvia, Ukraine and Belarus with the experience
and broad representation base of GreenCarrier International, the spectrum of
our services will increase and consequently we will be able to ensure a good
platform for our future growth."
This latest acquisition follows on from GreenCarrier's
purchase of IATA approved Finnish forwarding company Oy FCS Logistics Ltd in
June this year. Founded in 1995, Oy FCS offers international air and sea
container transport services and has a global agent network.
GreenCarrier offers its customers a single point of
contact for all their logistics requirements. With offices in Sweden, Norway,
Finland and all Baltic countries GreenCarrier has now established a solid home
market for expansion in to the expanding markets of China and the near east.
The offices in China and Belarus as well as Ukraine will speed up this
expansion.
GreenCarrier is the logistics arm of the
Gothenburg-based Björk.Eklund Group, one of Sweden's largest privately
owned logistics and transportation companies.
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Note to Editors:
A downloadable photograph to accompany
the press release is available at http://www.dunelmpr.co.uk/BE-Photogallery.html.
The caption for the photograph, reads:
"Spedair's office and terminal at Riga
International Airport."
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