DFDS' expansion continues

Photo: DFDS

DFDS acquired 100% of the share capital of the Finnish logistics company Freeco Logistics based in Turku, with additional offices in Vantaa, Finland and Tallinn, Estonia.

"Freeco Logistics is a fast-growing Finnish provider of transport services that brings critical mass to our operation in Finland. We now have a much stronger platform to grow from," commented Niklas Andersson, Executive Vice President and Head of Logistics Division, DFDS.

Freeco Logistics operates mainly on routes between Finland and Scandinavia, Baltics and continental Europe. Domestic transport services are offered as well, partly to optimise the international operation.

Operations include a fleet of around 150 trailers and 8 trucks. The company has 31 employees and annual revenues of €20m.

The acquisition will allow DFDS to expand and strengthen its services between Finland and continental Europe, and add in-house transport capacity and access to a wider carrier network.