Jetpak has today signed an agreement to sell 100 percent of the shares in the transport and logistics company Jetpak Borg AS to PostNord AS. The transaction is a part of Jetpak’s strategy to focus on express and courier services.
Jetpak Borg is a reputable transport and logistics company in Norway. The company offers tailored solutions for in-night deliveries with long haul to car dealers, workshops and other related businesses in Norway. The unique distribution system includes long haul from central warehouses in Scandinavia to more than 500 recipients in Norway during night. The company has their freight terminal in Sarpsborg and has an annual turnover of approximately 120 million NOK.
Jetpak Borg was until the transaction a subsidiary of Jetpak Norway AS and part of the Jetpak Group, which are owned by the private equity firm Polaris.
- I am proud of the company’s development. The company and its customers will with PostNord have a long-term strategic partner to further develop what we have built up in Jetpak Borg, and the transaction will strengthen Jetpak Borg’s market position. Simultaneously, Jetpak can concentrate on our core business in express and courier services, says Henrik Ringmar, CEO of Jetpak Group.
- We continue to realise our strategy to create comprehensive solutions and cross-border logistic capacity in the Nordic region. The acquisition of Jetpak Borg is an important addition to our successful logistics operation in Norway, says Håkan Ericsson, CEO of PostNord.
- Jetpak Borg is a well-run company with solid expertise. With the acquisition we will further strengthen our position in the Norwegian logistics market, says Robin Olsen, Managing director of PostNord AS.
The transaction is subject to approval by the Norwegian Competition Authority.
For further information:
CEO of Jetpak Group
+46 8 555 852 20
CEO of PostNord
via PostNord Media relations, tel (+46) 08-23 10 10
Jetpak offers door-to-door express deliveries, primarily within 12 hours throughout the Nordic region. We offer solutions for both ad hoc and tailor made supply chains. Jetpak commands a fine meshed Nordic point-to-point network comprising more than 140 locations, franchise based ground transportation with access to 700 vehicles and access to an extensive air route network of more than 3 800 flight departures every 24 hours. Jetpak is owned by Polaris Private Equity. For more information visit www.jetpak.com