PostNord acquires Byrknes Auto in Norway
PostNord has today signed an agreement to acquire certain assets of Byrknes Auto AS. The acquisition further strengthens PostNord’s position in the growing Norwegian logistics market and in particular within thermo transports.
Byrknes Auto is one of Norway’s largest thermo carriers. The company offer services primarily for fish and grocery transportations. Byrknes Auto had sales of NOK 293.6 m in 2011. The number of employees was approximately 100.
PostNord’s logistics operations in the Nordic region had sales of approximately SEK 13 billion in 2011. Operations are focused on parcel, pallet, express and third-party logistics. PostNord’s logistics operations in Norway are run through Tollpost Globe AS, one of Norway's three largest logistics companies with NOK 2.7 billion in sales in 2011.
- Byrknes Auto has since many years established a competitive business within fish and grocery transportations in Western Norway. The acquisition further strengthens our position in the growing Norwegian logistics market, says Henrik Höjsgaard, Head of Business Area Logistics at PostNord.
- With the two recent acquisitions, of Harlem Transport and now Byrknes Auto, we take a strong position in Norway within thermo transports. We have sought to strengthen our position in Norway specifically in groceries and fish, as it improves our utilisation of linehaul capacity and creates opportunities for new organic growth, says Robin Olsen, CIO Tollpost Globe.
The transaction is subject to, inter alia, approval by the Norwegian competition authorities.
PostNord AB (publ) is required to disclose the foregoing information under the Security Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on December 17, 2012 at 08.30 AM CET.
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PostNord was formed in 2009 through the merger of Post Danmark A/S and PostenAB.The group offers communication and logistics solutions to, from and within the Nordic region, with sales of approximately SEK 40 billion and roughly 40,000 employees. Operations are run in business areas Mail Denmark, Mail Sweden, Logistics and Strålfors. The parent company is a Swedish public company headquartered in Solna, Sweden. Read more about PostNord at www.postnord.com.
About Tollpost Globe
Tollpost Globe is part of PostNord Group and one ofNorway’s three largest transport companies. In 2011 the company had sales of approximately NOR 2.7 billion, 900 employees and 700 drivers distributed between 29 departments. The company, headquartered inOslo, handles around 60,000 parcels every day.