About Posti
Governance
Sustainability
Careers
Media

Itella Logistics to acquire furniture logistics specialist, SHW Logistiikka

29.05.2007

Itella Logistics Oy, a Finland Post Group (as of 1 June, Itella Group) company is acquiring SHW Logistiikka Oy, based in Lahti. This company is the leading furniture logistics service provider in Finland.

 The acquisition will further expand Itella’s Contract Logistics service range through operations such as the import of furniture and other interior decoration products, service warehousing and deliveries.

 Since 2005, Itella Logistics has operated a special unit in Lahti, providing fashion logistics services for the clothing industry, importers and retailers. For Itella, the acquisition involves the opportunity to develop the entire fashion and interior decoration logistics business in the Päijät-Häme region and benefit from synergies in transport and deliveries to shopping centres, for instance.

 Logistically, SHW Logistiikka is ideally situated with good connections in Pennala, Orimattila. The arrangement involves a total of 15,500 square metres of new and modern service warehouse and terminal facilities for Itella Logistics.

 SHW Logistiikka employs a staff of 80, who will transfer to Itella on their current employment terms. The arrangement involves no need for staff cuts. In 2006, SHW Logistiikka posted net sales of approximately EUR 8 million. The company will continue operating as an Itella Logistics Oy subsidiary, and the current managing director, Timo Salonen, will continue in his position.

 – The acquisition strengthens Itella Logistics’ position as the leading provider of contract logistics services in Finland, while offering Itella Logistics the opportunity to investigate furniture export logistics prospects in, for instance, Russia, says Aki Ojanen, Managing Director of Itella Logistics Oy.
 
– SHW Logistics has grown intensively in the 2000s and future growth prospects seem favourable. Growth and the challenges it involves are helping us to realise that we need the support and resources of a larger organisation in order to develop our operations further to meet customer needs. As a leading logistics operator in Finland, Itella Logistics Oy is the ideal partner alongside which we can develop our company, states Timo Salonen, Managing Director of SHW Logistics.

 For further information, please contact

 Aki Ojanen, Managing Director, Itella Logistics Oy, tel. +358 20 451 8683, aki.ojanen@itella.com
 Timo Salonen, Managing Director, SHW Logistiikka, tel. 0500 845 018

Itella Logistics is a service logistics provider based in northern Europe and operating globally through partners. Its corporate services encompass freight and forwarding, contract logistics, parcel and other transport services, consulting and logistics IT solutions. Itella Logistics, a Finland Post Group (as of 1 June 2007, Itella Group) company, posted net sales of approximately EUR 530 million in 2006, and employed 3,000 staff in eight countries. Further information: www.itella.fi/logistiikka.

SHW Logistiikka Oy, Finland’s leading provider of furniture logistics services, provides service warehousing, terminal and transport services. In 2006, the company posted net sales of EUR 8 million and employed a staff of 80.

Contract Logistics involves logistic customer solutions customised for a specific line of business for managing the entire supply chain. Service warehousing with the related finishing services lies at the core of contract logistics, which also covers import operation, delivery and information systems. Logia Software Oy, a Finland Post Group subsidiary, is responsible for Itella Logistics’ ICT systems. SHW Logistiikka has already introduced Itella’s ERP system.