Acquisition in Finland: DB Schenker expands its network
Acquisition in Finland: DB Schenker expands its network
DB Schenker acquires Finnish logistics group Vähälä Yhtiöt • Customers will benefit from familiar services
Frankfurt/Vantaa/Oulu/
"With this acquisition, we are strengthening DB Schenker's position in Europe,” says Helmut Schweighofer, CEO of DB Schenker in Europe. “With the takeover of Vähälä Yhtiöt, a company that already operates for DB Schenker in Finland, we have the opportunity to expand the structure of DB Schenker's land transport network in central and northern Finland.”
Vähälä Yhtiöt has 265 employees and is a pioneer in eco-friendly transportation through its use of gas powered trucks and electric vans, as well as long HCT trailers. According to the agreement, Vähälä Yhtiöt’s entire operating business will be acquired by DB Schenker. Both parties have agreed not to disclose the purchase price.
Following the conclusion of the agreement, Vähälä Yhtiöt will continue to operate over the medium-term as an independent affiliate in domestic land transport, alongside DB Schenker in Finland.
About DB Schenker:
With around 74,200 employees at more than 2,100 locations in over 130 countries, DB Schenker is one of the world’s leading logistics providers. The company operates land, air, and ocean transportation services, and it also offers comprehensive solutions for logistics and global supply chain management from a single source.
