Bolloré Logistics has acquired a majority stake in Swedish company Global Freight Solutions AB and its Finnish affiliate. This now extends the present Bolloré Logistics network to 600 offices in 109 countries with 25,000 employees. This acquisition reinforces the company’s presence in Europe, especially in the Nordic markets. It was a strategic target to complement the regional network having previously established a structure in Norway which was subsequently joined by a similar investment in Denmark.
Established in 2006, Global Freight Solutions is headquartered in the maritime hub of Gothenburg, with additional offices in Stockholm and Helsinki, offering a comprehensive portfolio of services including freight forwarding and door-to-door delivery services. The company has approximately 50 employees in Sweden and 10 in Finland and a yearly turnover in excess of approximately €38m. As export-led economies, Sweden and Finland will add to Bolloré’s industry verticals, such as mining, power, automotive, aeronautics and defence, telecom, high tech, healthcare and retail.
Henri Le Gouis, CEO Europe of Bolloré Logistics, said, “As the deal neared completion, we have already been working together under a partnership arrangement. This already delivered many commercial opportunities and we are delighted now to formalize our shared future, such as coupling up with the company’s industrial projects division and to offer Swedish exporters new logistics solutions boosting their performances into the African, Middle East and Asian markets. I know our clients and network colleagues will welcome this development.”
Source: Bolloré Logistics
