Finnish subsidiaries of Itella Logistics to merge into a single company

01.10.2009

On October 1, 2009, Itella Logistics subsidiaries AW-Store Oy, Kauko Group Oy, and SHW Logistiikka Oy will merge with Itella Logistics Oy. As a result of the merger, domestic warehousing services and foreign transport will be combined into one legal company. The personnel of the merging companies will continue as Itella Logistics Oy's employees.

"Operating under one name clarifies our operations internally, and in relation to customers and partners. We will also achieve synergy benefits by harmonizing administration, systems and procedures," says Jarmo Halonen¸ country manager of Itella Logistics Finland.

The merger has no impact on the services provided by Itella Logistics. The contracts of all of the merging companies are transferred to Itella Logistics Oy. The addresses for offices and contact people for customers will remain unchanged. Customers will be provided with separate communication about the merger.

Further information:

Jarmo Halonen, Country Manager, Itella Logistics Finland, tel. +358 40 900 6466, e-mail: firstname.lastname@itella.com

Part of Itella Group, Itella Logistics supports and develops its customers' business by providing freight and forwarding, transport and delivery, and warehousing services as well as comprehensive contract logistics solutions. In 2008, Itella Logistics' net sales totaled EUR 813 million, and the company has approximately 10,000 employees in eight countries (Finland, Sweden, Denmark, Norway, Latvia, Lithuania, Estonia and Russia). www.itella.fi/english