December 27 - Freja Transport & Logistics has signed an agreement for the acquisition of transport company Transcargo.
The acquisition will officially take place on January 1, 2018, pending approval of the Danish Competition Authority.
With the acquisition of Transcargo, which has a strong background in temperature-controlled logistics, Freja says it is a step closer to its aim of being a full service provider to the transport market.
"We have a clear strategy to strengthen Freja's position in the transport market. Transcargo's core services complement Freja very well. We see very many interesting possibilities, which are obvious to exploit," said group ceo Jørgen Hansen.
Until now, Transcargo has been owned by the founders Bjarne Sell Hansen and Henrik Jürgensen, ceo Torben Mortensen and a number of minor shareholders.
Mortensen will continue as branch manager in Padborg, Denmark and as manager for the Polish company. Consequently, he joins Freja's group of directors. Jürgensen will continue his present job as traffic manager, focussed on Greece.
Mortensen and Jürgensen will continue as shareholders in Freja, while Sell Hansen enters the board in the Polish company.