On May 29, 2012, Itella announced a business purchase agreement in relation to the purchase of VR Transpoint’s groupage logistics business in Finland and also the entire share capital of PT Logistiikka Oy.
The acquisition was finalized today. The business purchase agreement was signed in July and the Finnish Competition Authority approved the business purchase in August.
Jukka Alho, Itella, President and CEO, tel: +358 20 452 3366 (Itella MediaDesk)
Mikael Aro, VR Group, President and CEO, tel: +358 30 720 000
See also the previous press releases on topic:
Itella and VR Group sign a letter of intent for a business acquisition
Itella and VR signed a business purchase agreement on VR Transpoint’s groupage logistics business
Finnish Competition Authority approves Itella and VR’s business purchase agreement
Itella Logistics, part of Itella Group, supports and develops the business of its customer companies by providing them with service logistics solutions for road, sea and air freight, warehousing and other contract logistics. Customers may outsource an individual element of their logistics process, or even their entire supply chain, to us. Itella Logistics has operations in eight countries (Finland, Sweden, Denmark, Norway, Latvia, Lithuania, Estonia and Russia). The company provides global services through its partners. The net sales of Itella Logistics was in 2011 MEUR 732 and it employed 7,100 persons.
VR Group is a versatile, environmentally friendly and responsible travel, logistics and infrastructure construction service company. VR Group provides employment for 11,500 professionals in Finland and ten European countries.