Posti Group sells its Scandinavian road freight operations

Posti Group continues to improve the profitability of its logistics business operations in line with its strategy by selling Scandinavian road freight business operations to Danish Nordic Transport Group (NTG). The transaction includes also international road, air, and sea freight operations in Finland.

The transaction does not include Posti’s operations in Finland, the Baltic countries and Russia. Posti will continue to provide logistics services in Finland in parcel services, company transport services, and supply chain solutions. In Sweden, Posti will continue in parcel operations that will keep growing thanks to e-commerce, as well as the existing storage services in Norway. In the future, Posti will provide international freight services to its customers through a partnership network.

“This transaction is a continuation of the measures for improving logistics profitability and focusing to homeland area. Already last year we restructured our operations in Scandinavia. With this transaction, NTG becomes a significant partner for Posti. By cooperating with NTG and other international players, we can offer our customers high-quality services in the field of international freight, too,” says Jukka Rosenberg, Senior Vice President, Posti’s Parcel and Logistics Services.

The plan is to realize the transaction by the end of Q2 2015. The parties have agreed not to disclose the transaction price.

The changes will concern approximately 140 people in Sweden, Norway, and Denmark as well as 50 people in Finland. As part of the transaction, 190 people will be transferred to the service of Nordic Transport Group (NTG).

Posti expanded in the Nordic Region in 2005 as part of its internationalization strategy in logistics. The decline of the economy and intense competition have, however, weakened the profitability of logistics operations. In accordance with the new strategy published in 2013, Posti is focusing its operations on Finland, Russia, and the Baltic countries. Posti’s market share of the Scandinavian international freight business has been small. In Scandinavia, Posti operated under the brand Itella Logistics.

For further information, please contact:
Jukka Rosenberg, Senior Vice President, Parcel and Logistics Services

Posti MediaDesk tel. +358 (0)20 452 3366 (Monday to Friday 9:00 a.m. – 4:30 p.m. UTC+2)