Monday, October 14, 2013

Air Freight and Ocean Forwarder Sells Bigger Stake to Major Logistics Group

German Company Expands into Finland and Sweden
Shipping News Feature

GERMANY – FINLAND – SWEDEN – The Dachser group has announced it has acquired more shares in Oy Waco Logistics, an air and ocean freight forwarding group headquartered in Vantaa, southern Finland and with a presence in the commercial centres of Lahti, Oulo, Tampere, and Vaasa. The news comes shortly after the German group started construction on a new logistics terminal in Gothenburg.

The Finnish deal means that a company originally formed in 1996 by leading members of the World Air Cargo Organisation (WACO) and three Finnish shareholders, will now be controlled by just two shareholders, Dachser and a long term partner the Japanese logistics company Nishi-Nippon (Nishitetsu) Railroad (NNR) with whom it already operates two further European joint ventures.

Oy Waco Logistics generated around €24 million in revenue last year with a staff of just fifty four and, with its key regional offices, the company is ideally placed for full coverage of the country. Thomas Reuter, Managing Director of Dachser Air & Sea Logistics, said of the deal:

“Finland is an attractive market for air and sea freight. That’s why we are making a point of increasing our involvement there. We place great emphasis on stability and continuity for customers and employees, and so Waco Finland will continue to be a member of the World Air Cargo Organisation. In addition, the company will also work more closely with the Dachser network in the future, with the result that we will also be able to offer customers in Finland our entire air and sea freight service portfolio with the usual Dachser service and quality standards.”

Last month Dachser embarked on the construction of a new 31,000 square metre site close to Gothenburg’s arterial E6 and E20 motorways. The new building with 15 gates and 850 square metres of offices is due to start operations by mid-2014 and was designed by Dachser’s construction department to accommodate the company’s own requirements, as well as those of Galliker Logistic AB, Sweden, which actually owns the building.

The two companies will share the facility with Dachser having the role of tenant in separate portions of the complex. Development was necessary as the existing branch office had reached the limits of its capacity for expansion. Dachser’s footprint in Sweden extends to 113 employees based in eight countrywide facilities.