Logistics takeover to benefit UK's trade with Nordic countries
By: David Howells
19 April 2011
Trade between the UK and the Nordic countries will be given a boost with the acquisition of logistics company PTS UK by Greencarrier, the Swedish logistics firm.
Greencarrier bought the Ipswich-based PTS UK for an undisclosed sum, with the acquisition set to be fully completed during May.
PTS, which will now trade under the name Greencarrier PTS has a fleet of 17 goods vehicles and 100 trailers which it already uses in trades between the UK and Sweden, Denmark, Norway and Finland. The two businesses have been working closely over the last five years, and the closely knit management team will remain in place after the acquisition has been completed.
The move could see Greencarrier expand its UK arm further in the future, creating more logistics work and building a larger multinational network.
PTS has been in operation for 31 years and has 40 employees. The acquisition of the company will see Greencarrier's workforce rise by almost 14 per cent.
The merger will see relationships strengthen between Greencarrier PTS and its Nordic counterpart, making for a stronger link to trade food and petroleum, among other things - as well as galvanising Britain's place as a key exporter to the Nordic market.
Managing Director of PTS, Robert Gaunt told ifw-net.com of how the business plans to continue after the takeover. "Greencarrier will provide us with access to greater management resources and expertise, and of course to a much bigger market, notably in the Nordic countries and the Baltic states."
Gaunt told roadtransport.com that the move will see PTS broaden its scope in the European market, saying: "The UK has a substantial trade with [the Nordic] countries and we expect our share of it to grow rapidly over the next few years."
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