PostNord acquires Jetpak Borg AS

PostNord AS announced that it has signed an agreement to acquire 100% of the shares in the transportation and logistics company Jetpak Borg AS. The acquisition complements PostNord’s operations in Norway and strengthens the group’s position on the Norwegian logistics market.

Jetpak Borg offers tailored solutions for in-night deliveries to car dealers, repair shops and related industries in Norway. This unique distribution system comprises long distance transportation from central warehouses in Scandinavia to more than 500 destinations in Norway each night. The company has a terminal in Sarpsborg, Norway, and annual sales of approximately NOK120m.

“We will continue to carry out our strategy of creating end-to-end solutions and cross-border logistics capacity in the Nordic countries. The acquisition of Jetpak Borg is an important addition to our successful logistics operations in Norway,” said Håkan Ericsson, President and Group CEO of PostNord.

“Jetpak Borg is a well-managed and highly competent company. The acquisition further strengthens our position in the Norwegian logistics market,” said Robin Olsen, Head of PostNord Norway.

Jetpak Borg was a subsidiary of Jetpak Norge AS, which is part of the Jetpak Group, which in turn is owned by venture capital firm Polaris.