Kim Johansen International Transport Group has announced its acquisition of Slovakia-based Bring Trucking, who have a strong presence in Scandinavia thanks to a partnership with the Norwegian post.
The acquisition sees the Kim Johansen International Transport Group gain 100 trucks and a “fully developed, well-functioning operational setup in Slovakia.”
In a statement, Kim Johansen International said that the location of Bring Trucking’s HQ fits in well with their business, and that the acquisition will strengthen their position in Europe.
The location in Slovakia fits well with our existing business, and with the acquisition, we strengthen our position in the European market. Size and flexibility will ensure that we also in the future will be an attractive choice for our customers. The acquisition is positive in several ways. In the short term we will increase our business, and in the longer term, we are strengthening our European presence and our ability to grow, act flexible and attract qualified employees. More generally we’ll also better adapt to the coming changes in the European transport regulation.
According to reports in the Danish media, the deal will see Kim Johansen International Transport Group increase its activity by around 25%. Both parties reportedly agreed not to disclose the price of the sale.
Photo credit: Norsk Scania Kongsvinger