Posti acquires the Swedish logistics company Aditro Logistics
As part of Posti's strategy, Posti is strengthening its presence in Sweden and Norway by acquiring Aditro Logistics, one of the leading contract logistics companies in the Nordics. The acquisition is in line with Posti's ambition of growing its logistics, parcel and eCommerce businesses.
On February 24, 2020, Posti, Valedo Partners and other shareholders of Aditro Logistics have signed an agreement, under which Posti will acquire the entire share capital of Aditro Logistics AB.
Aditro Logistics was founded in 1973 as Dila Logistik AB in Jönköping, Sweden. The company offers a broad portfolio of logistics services such as warehousing, staffing and transportation services. Aditro Logistics has an attractive, highly diverse and loyal customer base. The company has six warehouses in Sweden and one in Norway, with a total of approximately 230,000 m2 of storage space.
Over the past years, Aditro Logistics has grown profitably and organically, clearly outpacing the market growth. In 2019, Aditro Logistics' net sales were some EUR 100 million (some SEK 1,100 million). The company has 1,100 full-time employees, out of which 1,050 are based in Sweden and 50 in Norway.
The acquisition of Aditro Logistics increases the growth of Posti's logistics services. "Posti is growing in line with its strategy, and through this acquisition we are strengthening our presence in the Nordics and the Baltic Sea region. Together, we can support our customers to be even more competitive in the market," says Turkka Kuusisto, President and CEO of Posti Group. "In Finland, our Transval Group is the market leader in logistics outsourcing solutions. With the acquisition of Aditro Logistics, we are becoming one of the major players in the Swedish and Norwegian market as well. This enables us to better develop and broaden our service offering for our customers in the Nordics," Kuusisto continues.
"This transaction is great for us and for our customers," says Johannes Gussander, CEO of Aditro Logistics. "We have over 40 years of experience in providing a broad range of warehousing, staffing and transportation services to a versatile customer base. In addition, we have a proven track record of driving profitable organic growth. By joining forces with Posti, we can learn from each other, expand our offering and take our current logistics outsourcing solutions to the next level," Gussander continues.
After the closing of the transaction, Aditro Logistics will be operated as an independent Business Group within Posti and it will be headed by Johannes Gussander, the current CEO of Aditro Logistics. Gussander will report to Turkka Kuusisto, the President and CEO of Posti Group.
The transaction is subject to customary competition clearance in Sweden and is expected to close in the second quarter of 2020.
Posti is the leading postal and logistics service company in Finland. Our core business includes postal services, parcels, freight and logistics solutions. We have the widest network coverage in Finland, and we visit about three million households and companies every weekday. We have operations in eight countries. Our net sales in 2019 amounted to almost EUR 1.6 billion and we have approximately 21,000 employees. www.posti.com.