Finnish Competition Authority approves Itella and VR’s business purchase agreement

On May 29, 2012, Itella announced a business purchase agreement in relation to the purchase of VR Transpoint’s groupage logistics business in Finland and also the entire share capital of PT Logistiikka Oy. The business purchase agreement was signed on July, 31,2012.

Today, the Finnish Competition Authority has approved the business purchase. The aim is to finalize the acquisition on October 1, 2012.

Further information:

Jukka Alho, Itella, President and CEO, tel: +358 20 452 3366 (Itella MediaDesk)
Mikael Aro, VR Group, President and CEO, tel: +358 30 720 000

See also the press release regarding the signing of the business purchase agreement:
http://www.itella.com/english/current/2012/20120731_itella-vr.html

Itella Logistics, part of Itella Group, supports and develops the business of its customer companies by providing them with service logistics solutions for road, sea and air freight, warehousing and other contract logistics. Customers may outsource an individual element of their logistics process, or even their entire supply chain, to us. Itella Logistics has operations in eight countries (Finland, Sweden, Denmark, Norway, Latvia, Lithuania, Estonia and Russia). The company provides global services through its partners. The net sales of Itella Logistics was in 2011 MEUR 732 and it employed 7,100 persons. www.itella.com/logistics.

VR Group is a versatile, environmentally friendly and responsible travel, logistics and infrastructure construction service company. VR Group provides employment for 11,500 professionals in Finland and ten European countries.