PRESS RELEASE - Shipping Holding A/S acquires TransFargo ABShipping and logistics company Shipping Holding A/S based in Fredericia, Denmark, acquires TransFargo AB, Sweden as of 1 September 2016. With the acquisition, Shipping Holding expands its position as a significant player in Scandinavia within transport and logistics.
The acquisition of TransFargo strengthens Shipping Holding’s position in the whole of Scandinavia and supports the company’s plans of increased growth.
”We are incredibly pleased that the acquisition of TransFargo is now in place. Shipping Holding is developing really positively, and with the acquisition, we strengthen and expand our activities and platforms in all of Scandinavia and at the same time bring very experienced and qualified employees on board. I definitely feel that the two companies are a really good strategic match in every way, and I have no doubt that TransFargo acts as a guarantor for the same attitudes and values, on which the USTC Group’s culture is built, and thus I am completely confident that the merger will be to the benefit of both parties and create increased business opportunities”, says Søren Gran Hansen, Managing Director of Shipping Holding.
TransFargo AB is a privately owned company, founded in 1978, with business areas within road freight, air & sea and contract logistics. The company is represented with own offices in Malmö (HQ), Gothenburg and Stockholm and hubs in several larger cities in Sweden.
Hans-Gunnar Andersson, owner of TransFargo, says: “We are happy that TransFargo joins Shipping Holding and the USTC group, being a private owned group who shares the same values as ours. It will strengthen our position in a competetive market, to the benefit to our employees, customers, partners and suppliers”.
Hans-Gunnar Andersson will hold his position in the board of directors.
Following the acquisition, the new complete unit consists of 300 employees.
For further information:
Søren Gran Hansen, Managing Director
Tel.: +45 23 24 52 66
Tlf: +46 40 28 71 01