Stronger Transport Service Network for Itella Logistics in Norway


Itella Logistics has signed an agreement for taking over the business of Universal Spedisjon Bergen AS.  After the approval of competition authorities in Norway and after the de-merger formalities are completed, Universal Spedisjon AS Bergen business will be transferred completely to Itella Logistics AS, which has been a 50% shareholder of the company for the last few years.

  - This strategic acquisition will strengthen our position in Norway as one of the leading logistics operators in the market. Universal Spedisjon Bergen has developed successfully logistics services within national and international transport, freight-forwarding, and contract logistics, comments Kjell-Arne Eloranta, Managing Director of Itella Logistics AS.  

Itella Logistics´ operations in Norway started in 2006 when it acquired Universal Spedisjon AS in Oslo, Kristiansand, Stavanger and Trondheim. Itsservices include full range of air, sea and road transport, forwarding and contract logistics. The company employs a staff of 130, and posts net sales of approximately MEUR 62,5. Universal Spedisjon AS Bergen has 12 employees, whose positions will not be affected.

Further information:
Kjell-Arne Eloranta, Managing Director, Itella Logistics AS, tel. +47 23213400
Tor-Fredrik Muller, Managing Director, Universal Spedisjon Bergen AS, tel. + 47 55529888

Communications:  Johanna Kotila, Communications Manager, Itella Logistics, tel. +358 50 436 4437.

Itella Logistics, an Itella Group company, is a leading service logistics provider in northern Europe, with a global presence through partners. Its services include transport services, forwarding, contract logistics and intelligent IT-based logistics solutions allowing direct integration with customers’ IT systems.

Itella Logistics net sales amounted to EUR 620 million in 2007 and it employees 4400 staff in eight countries (Finland, Sweden, Denmark, Norway, Latvia, Lithuania, Estonia and Russia). Itella Logistics acquired Russia´s leading logistics warehousing group NLC in April 2008. NLC`s net sales for 2008 will be around EUR 180 million with a staff of 6 000.