Freight News, Road, Logistics, Business

Greencarrier buys Transpoint’s road arm

[ October 20, 2020   //   ]

Nordic logistics comp[any Greencarrier Freight Services has bought the road logistics business operations in the Baltics and CEE countries from Finnish Railways (VR) subsidiary Transpoint International. Greencarrier Freight Services chief executive Mikael Forsberg said the move would make his company one of the largest operators in the region.

Transpoint’s road traffic business operations in the Baltics and CEE will become fully owned by Greencarrier Freight Services with about 40 people working in Finland, Estonia, Latvia and Lithuania transfering to the new employer.

The transaction does not concern the Finnish parent company Transpoint International owned by VR Group and its two Russian subsidiaries.

Forsberg said: ”Transpoint International (FI) is a top player in Finland-to-Baltics on Road Freight with a very long history and a diversified client base. For us, this is an important and natural development on our journey to provide long term and sustainable solutions to the market and to our customers. Together with the transferring operations of Transpoint International (FI) in the Baltics and CEE, we become one of the largest operators in the region. It would create a much stronger team and provide a wider offering of sustainable transportation , he added.

VR Transpoint’s senior vice president Martti Koskinen said: “The market has undergone lots of changes over the years, and we have let go of international road traffic operations in Europe. Good progress has been made in the company and the people have done an excellent job. The operations are not, however, at the core of VR Transpoint’s strategy. The business will continue to develop under the ownership of Greencarrier Freight Services.”