On January 16, 2022, Posti Group Corporation and the owners of Veddestagruppen have signed an agreement, under which Posti Group will acquire the entire share capital of Veddestagruppen AB. Veddestagruppen is majority-owned by PEQ Invest and members of the company management. Veddestagruppen will be integrated with Posti Group’s Swedish subsidiary Aditro Logistics after the closing. The parties have agreed not to disclose the transaction price.
Founded in 1992, Veddestagruppen is a logistics company providing services within contract logistics, transportation, field services and staffing in the Stockholm region. In 2020, the company had net sales of around SEK 187m (EUR 18m). The company employs around 300 people.
CEO of Aditro Logistics Per Zandrén stated: “This acquisition is perfectly in line with our strategic objectives, and it accelerates our transition to a strong fulfilment player within e-commerce and enhances our position within B2B. With similar business models, we see strong synergies between Aditro Logistics and Veddestagruppen for example in increased flexibility and scalability in the region of Stockholm and Mälardalen. We are already neighbours in Arlandastad so with merged production, we´ll increase our capacity and expand the pool of value-added services. Veddestagruppen’s current customers will benefit from our tech-driven approach, derived from our automated and digital platform. Aditro Logistics and Veddestagruppen will improve the end-to-end logistics for all company sizes within ecommerce, retail and FMCG. Together we are becoming a one-stop-shop for logistics.”
The acquisition of Veddestagruppen hopes to strengthen Posti Group’s growth in line with its strategy. Turkka Kuusisto, President and CEO of Posti Group commented: “Aditro Logistics has an important role in achieving our strategic goals of growing through parcel business and logistics in Finland, Sweden and the Baltics. Aditro Logistics is a forerunner of delivery and fulfilment services in Sweden and with the acquisition we can expand and strengthen our capabilities even further to better serve our customers”.
The transaction is expected to close in the first quarter of 2022. After the closing, Veddestagruppen will be integrated into Aditro Logistics, a Business Group within Posti. The current management of Veddestagruppen will continue to work for the joint company.
Source: Posti Group
