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Baltic & Russian logistics network expanded through acquisition
11 July, 2013
DFDS acquires Karlshamn Express AB to expand logistics services in Sweden, the Baltics, Russia and the neighbouring countries
To expand and develop DFDS’ logistics services between Sweden and the Baltics, Russia and surrounding countries, DFDS has today acquired 100 % of the share capital of the Swedish logistics company Karlshamn Express AB. In addition, DFDS has acquired the remaining 50 % of the share capital of the associated company Karlshamn Express Baltic SIA.
In 2012 Karlshamn Express had total revenues of SEK 225m (DKK 197m) and the company employs around 100 people. The main activity of the company is transport of full and part loads between Sweden and the Baltics, Russia and surrounding countries. In addition, domestic transport and warehousing services are provided.
The Karlshamn Express transport and logistics services are provided using different transport modes, including road, rail and shipping, and the company is a major customer on DFDS’ route between Karlshamn and Klaipeda.
Karlshamn Express’ head office and warehousing facilities are located in Karlshamn. The company also has offices in Liepaja, Ventspils, Klaipeda and Kaliningrad.
The acquisition of Karlshamn Express supports DFDS’ network strategy by adding own logistics operations to support the Baltic route network, and by expanding the range of logistics solutions to customers. In addition, the acquisition increases DFDS’ presence in a region with a relatively high level of economic growth.
The transaction is subject to approval by the Russian competition authorities. The parties have agreed not to disclose the transaction price.
Torben Carlsen, CFO
+45 24 41 45 10