Suomen Transval Group Oy has on 21.5.2014 signed an agreement to acquire 100 per cent of Vindea Oy’s shares from Panostaja Oyj, a Finnish listed investment company, and from minority shareholders. The estimated purchase price for the shares is 16.7 Million euro. As part of the financing of the acquisition MB Funds makes follow-on investment in Suomen Transval Group. MB Funds acquired Transval in June 2010.
Transval Group (established in 1994) is a leading internal logistics services company in Finland. Vindea is a leading company in industrial value added logistics and packaging solutions. The new group will be a market leading company in Finland in logistics services with net sales above 100 million euros and over 2 100 dedicated logistics professionals.
“The combination of these two leading companies in their own field will create a market leader in logistics services in Finland. We are very satisfied with the acquisition through which Vindea will extend its expertise. The new group is able to offer more comprehensive logistics services also to the existing customers of Vindea” says Jouni Arolainen of Vindea Oy.
“This acquisition expands Transval Group’s service offering to manufacturing industry. Our operations expand also into new regions. I believe that by combining the strengths of Transval and Vindea we can further develop and increase efficiency of our current and new customers’ logistic operations”, comments Risto Vilo, Managing Director of Transval Group who will also be the Managing Director of Vindea after the acquisition.
Partner, MB Funds
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