US/UK/Canada

Share

Pick a time period -
Tags ( Active)

BTL sells the Wilson Group

BTL sells the Wilson Group BTL has sold the air and sea freight division, the Wilson Group, to the venture capital company, Nordic Capital. The parties reached agreement today 3 June. The deal includes BTL's wholly-owned Italian sea and air freight company, Castelletti Overseas, and BTL's 23% shareholding in Combined Logistics which is listed in Canada. In connection with the deal, BTL has agreed additionally to purchase about 70% of Combined Logistics. This shareholding will also be taken over by Nordic Capital. An offer to purchase the remaining shares in Combined Logistics will be

BTL is building up a European rail network

BTL is building up a European rail network Moving goods by rail has proved to be the best way of circumventing the traffic snarl-ups on the roads of Europe. "We can see an enormous potential in Central Europe," says SRC's managing director Leif Persson. "The closer ties between the countries in Eastern Europe and the EU will also lead to rapid growth in transport needs." Scandinavian Rail Cargo, SRC, is one of the largest rail forwarders in Sweden and is the leader in transports between Germany, the Benelux countries and Sweden. The SRC representative office in Hamburg will help to further

BTL Annual General Meeting

BTL Annual General Meeting 1999 The BTL Annual General Meeting in Göteborg on 3 May was a clear indication that business operations are moving into a broader domain on the European market. The leading land transport network in Europe had already been established in 1998 under the name Schenker-BTL. Total integration is currently taking place with regard to ownership. BTL AB is now virtually a wholly-owned subsidiary (98%) of the Stinnes Group, which also owns the German transport and logistics group Schenker AG. As a result of the change in ownership BTL AB was delisted from the stock

BTL applies for delisting from Stockholm and Copenhagen exchanges

BTL applies for delisting from Stockholm and Copenhagen stock exchanges Stinnes AG, which on 1 February 1999 made a public offer to acquire all the remaining shares in BTL AB, holds as of today more than 95 per cent of the capital and controls over 97 per cent of the votes in BTL AB. The board of BTL AB have therefore decided to request that the Company's shares be delisted from the stock exchanges in Stockholm and Copenhagen with effect from 3 May 1999. The final day for trading in BTL shares on the Stockholm and Copenhagen stock exchanges will thus be 30 April 1999. ./. BTL AB (publ)

Wilson group and Lufthansa sign Business Partnership Agreement

Wilson Group and Lufthansa Cargo sign Business Partnership Agreement Wilson Group AB and Lufthansa Cargo AG have signed a Business Partnership Agreement, which means that Wilson has been appointed as one of the future strategic business partner. "The appointment of Wilson Group as Business Partner is a part of our future strategy to appoint transport- and logistics company for integrated co- operation", says Joachim Haas, Senior Vice President Partner and Alliances of Lufthansa Cargo. Henrik von Sydow, CEO of the Wilson Group, stated that the agreement was an important step in the direction

BTL develops new logistics system for Lindex

BTL develops new logistics system for Lindex. BTL has overall responsibility for the Lindex flow throughout the world to the logistics centre in Göteborg, where clothes are stored for short periods, divided among the different stores and distributed to all Lindex stores in Sweden, Germany, Norway and Finland. BTL is investing SEK 40 million in a new sorting plant as a part of the logistics concept that BTL has developed in cooperation with Lindex. "With this new logistics concept, there will be a change from manual to automatic handling of Lindex' products and therefore to more rational and

Statement by the Independent Directors of BTL

Statement by the Independent Directors of BTL 1) "The Independent Directors have considered, together with their advisers, Deutsche Bank AG London, the terms of the offer made by Stinnes AG, through its subsidiary Schenker International AB, for the outstanding shares in BTL. The Independent Directors note that Stinnes decided to purchase shares in the market, and that a number of shareholders decided to sell their shares, before the Independent Directors had an opportunity to form a considered opinion of the financial terms of the offer and to inform shareholders of that opinion. The

The independent Directors of the Board of BTL

Pressrelease The independent Directors of the Board of BTL note the announcement by Stinnes AG that it has increased its shareholding in BTL from 35.0% to 54.7% by purhasing shares in the market. Whilst the independent Directors accept the commercial logic of the offer, they have not yet evaluated the terms. The independent Directors have appointed an external advisor to help them to evaluate the offer. As already stated in yesterday's press release from BTL, the independent Directors will publish the results of this evaluation within two weeks. ----------------------------------------------

BTLs CEO, Håkan Larssons comments on the Stinnes offer

BTL´s CEO, Håkan Larssons comments on the Stinnes offer Commenting on the Stinnes offer made to all BTL shareholders for the outstanding shares in BTL, BTL's CEO, Håkan Larsson, stated: "Further financial integration of the companies will generate greater potential for a joint European land transport network. This is in line with the vision and goals presented in conjunction with the alliance between Schenker and BTL in November 1997. Full coordination will allow us to capitalise on the synergy effects more quickly and in doing so increase the potential to improve profitability even further

Preliminary financial statement för 1998

Preliminary financial statement for 1998. By reason of the fact that BTL's main shareholder, STINNES AG, will be informed about the Group's profit for the 1998 financial year, the Board has decided to issue a preliminary financial statement for 1998. Sales and financial results Net sales totalled SEK 19,110 million (18,138). The demand for transport and logistics services weakened slightly during the fourth quarter as a result of a downturn in certain market segments. The trend in Russia and the crisis in Asia have affected transport volumes, with a subsequent impact on net sales,

BTL expands in the Baltic region

INFORMATION FROM THE BTL GROUP Göteborg, 16 November 1998 Press release BTL expands in the Baltic region BTL is investing SEK 22 million in expanding its operations in Estonia and Latvia. The new Schenker-BTL transport and logistics centre in Riga will open on November 16 and in the spring a further logistics centre will be completed in Tallinn. Since 1995 BTL has concentrated on establishing direct operations in the Baltic region and the Group now has subsidiaries in Estonia, Latvia and Lithuania. There are also extensive operations in Russia and Ukraine. Transport and logistics activities,

BTL solves logistics for food store on the Internet

BTL solves logistics for food store on the Internet It has finally arrived. The Matomera food store has been designed exclusively for Internet trade. Starting on Monday it will be possible to buy food on the Internet at the same price as in a normal store. The big difference compared with earlier Internet stores lies in the picking store, where the goods are handled rapidly, efficiently and cheaply. The Bergendahl Group, a retail and wholesaling company operating in Sweden, realised at an early stage that it would not be possible to use a traditional food store as a starting point for its

Schenker-BTL now the largest in Europe

Schenker-BTL now the largest in Europe Co-ordination of land transport operations at Schenker and BTL will lead to the creation of the largest transport and logistics network in Europe. Following approval by the competition authorities concerned in February this year, collaboration has been developed and intensified. The integration process has now been concluded following the amalgamation of companies in the European land transport sector. From now on there will be just one company operating in each country. BTL has acquired operations in Sweden, Norway, Denmark, Finland, Estonia, Latvia,

Wilson Group expands in Asia

Wilson Group expands in Asia The Wilson Group has reached agreement on the acquisition of 50% of the shares in Combined Logistics (India) Private Ltd, CL/India. The seller is Combined Logistics Ltd, Bahamas, in which BTL AB is a shareholder. CL/India has a turnover of SEK 100 million through 20 offices and 285 employees covering the whole of India. The head office is in Mumbai, formerly Bombay. The company is active in both the sea and air freight sectors and has extensive distribution and logistics operations. CL/India was founded in 1991 by R. S. Sandhu, the company's managing director

Interim Report

Interim Report for the first six months 1998 Net sales totalled SEK 8,650 million (8,826). The operating margin, excl. non-recurring items, improved to 3.2% (2.8). The profit before tax, incl. non-recurring items, improved by SEK 215 million to 422 million (207) and excl. non-recurring items by SEK 64 million to SEK 235 million (171). The cooperation and integration with Schenker proceeds according to plan. On- going mergers in respective countries are expected to be in place during the autumn. Restructuring costs will be lower than previously estimated. Sales and results The demand for

BTL aquires Casteletti

BTL, one of the largest transport and logistics groups in Europe, has acquired all the shares in the Swiss-Italian Group, Castelletti SA. "We want to strengthen our position in this part of Europe and it will be easier to develop the company with one owner instead of three," says Eddie Sterner, Chief Executive of the BTL Land Transport Division. Previously, BTL owned 49%, SBB (the Swiss state-owned railway) 49% and the French transport company Fatton 2% of Castelletti SA. BTL has acquired 51% of the shares from SBB and Fatton and is now the sole owner of Castelletti. "The Italian market is

Wilson Group expands

Wilson Group expands in Holland Wilson Group, the Air and Sea Division of the Swedish Transport and Logistics company BTL AB, has acquired Multifreight International BV, Holland. Multifreight is based at Schiphol-Amsterdam. The company was founded in 1990 by Michel Loots and two partners and since then the company has successfully expanded the business primarily in the airfreight and logistics sector. In 1997 an ocean freight department was opened in Rotterdam. Multifreight has 23 employees who in 1997 produced a turnover of NLG 21 million at good profitability. The company is well

There are no items matching the current filter
There are no more items matching the current filter
Back to top