The transaction between Itella Logistics and Russian NLC finalized

Itella Logistics’ acquisition of leading Russian warehousing operator NLC (National Logistic Company) has officially closed.

The acquisition agreements were signed at the end of April this year. The closing of the acquisition took place after the passage of all necessary procedures and obtaining merger approvals by Russian FAS (Federal Antimonopoly Service). Finalization of the transaction allows Itella Logistics to start the integration process with NLC, and to develop the new Itella-NLC brand in the Russian market.

The acquisition is an important step in implementing Itella Logistics’ business strategy in Russia and consolidates its position in the international market. -The deal will reinforce the position of Itella Logistics as one of the strongest logistics operators in Northern Europe and make it a one of the market leaders in the rapidly growing Russian logistics market.   Itella Logistics will provide and develop further logistics services throughout Russia via its extensive logistics centre network and transport connections, Mr Vertanen, Head of Itella Logistics Business Unit commented.

For more information pls. contact Johanna Kotila, Communications Director, Itella Logistics: email firstname.lastname@itella.com mobile +358 50 4364437.