December 13 - Finland-based heavy transport and project logistics provider, Ville Silvasti, has acquired Frank Nørager & Co.
Based in Fjerritslev, Denmark, Frank Nørager & Co specialises in transporting wind energy components, strengthening Silvasti's expertise in wind power logistics.
For now, Frank Nørager & Co will continue to operate under its own name and brand as part of the Silvasti Group.
"In order to grow in Europe, we must expand both geographically and in terms of our equipment. This acquisition combines Silvasti's strong planning know-how and comprehensive project management with Frank Nørager & Co's operative expertise and extensive fleet resources," said Silvasti's majority owner, Ville Silvasti.
The combined fleet consists of approximately 100 tractor units, 50 escort vehicles and over 200 special transport trailers.
"We were fast approaching a generational handover and were considering our options. Our two companies have very similar backgrounds and values, making the deal with Silvasti a very natural choice," said Mikael Schmidt, who is taking over the Danish company as managing director.
Frank Nørager and Ville Silvasti
