07/29/2021 | Press release | Distributed by Public on 07/29/2021 04:42
DB Schenker acquires Finnish logistics group Vähälä Yhtiöt • Customers will benefit from familiar services
Frankfurt/Vantaa/Oulu/Jyväskylä, July 27, 2021 - DB Schenker is continuing on its course of growth in Finland. Five terminals and more than 260 employees are now joining the network of the leading logistics provider in northern Europe, as DB Schenker in Finland has concluded an agreement to acquire the entire share capital of Vähälä Logistics Oy and its wholly-owned subsidiaries, together known as Vähälä Yhtiöt. The Finnish family-owned logistics group was founded in 1937 and offers domestic land transport services in central and northern Finland as a partner of the DB Schenker network. This cooperation dates back to 1956.
'With this acquisition, we are strengthening DB Schenker's position in Europe,' says Helmut Schweighofer, CEO of DB Schenker in Europe. 'With the takeover of Vähälä Yhtiöt, a company that already operates for DB Schenker in Finland, we have the opportunity to expand the structure of DB Schenker's land transport network in central and northern Finland.'
Vähälä Yhtiöt has 265 employees and is a pioneer in eco-friendly transportation through its use of gas powered trucks and electric vans, as well as long HCT trailers. According to the agreement, Vähälä Yhtiöt's entire operating business will be acquired by DB Schenker. Both parties have agreed not to disclose the purchase price.
Following the conclusion of the agreement, Vähälä Yhtiöt will continue to operate over the medium-term as an independent affiliate in domestic land transport, alongside DB Schenker in Finland.