NTEX acquires Eurolink as it eyes expansion in Germany and Croatia
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Swedish logistics operator NTEX has announced its acquisition of Eurolink i Sverige AB in Ljungbyhed, Skåne. Under the terms of the deal, NTEX will acquire all shares in Eurolink i Sverige AB, including the shareholding of its companies in Germany, and 80% in Croatia.
Eurolink has been in the freight forwarding and haulage business since its founding in 2006.
In 2021 the company had a turnover of 366 million SEK. Approximately 80% of the company’s turnover comes from German and Croatian traffic. NTEX thus believes the acquisition will make it stronger in these markets.
Commenting on the deal, Thomas Ström, CEO and founder of NTEX, said:
“Eurolink’s structure and philosophy is very similar to NTEX’s, and with this in mind, I consider this a perfect match for a merger between the two companies.”
Roy Hansson, Eurolink’s co-founder and CEO, will keep his position as CEO of the company.
“The aim of the merger is for Eurolink to complement and strengthen NTEX’s current operations, but also for NTEX to bring new opportunities to Eurolink’s future development and growth. With Eurolink by its side, NTEX will become even better. The merger is a way for us to maintain our position as an active challenger when it comes to high quality transport, good personal service, and flexibility,” concluded Thomas Ström.