DB Schenker expands in Finland with new acquisition

by

Logistics giant DB Schenker continues its growth in Finland by acquiring domestic logistics company Vähälä Yhtiöt.

The Finnish family-owned logistics group was founded in 1937 and works with domestic land transport services in central and northern Finland. The company was already a partner of the DB Schenker network before the acquisition announcement.

"With this acquisition, we are strengthening DB Schenker’s position in Europe," said Helmut Schweighofer, CEO of DB Schenker in Europe.

Read more: Volocopter and DB Schenker announce first blueprint for VoloDrone operations

"With the takeover of Vähälä Yhtiöt, a company that already operates for DB Schenker in Finland, we have an opportunity to expand the structure of DB Schenker’s land transport network in central and northern Finland."

Vähälä Yhtiöt, which has 265 employees on its books, is described by DB Schenker as a "pioneer in eco-friendly transportation through its use of gas-powered trucks and electric vans, as well as long HCT trailers."

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.

The acquisition was announced just days after DB Schenker opened its second-largest terminal in Finland, an investment worth €26 million.

Read more: Sandvik makes string of acquisitions in summer shopping spree

The terminal, located near Turku, which occupies an area roughly equalling 14 football pitches, is home to domestic and international land transport services for shipments to and from Scandinavia especially.

Petteri Nurmi, CEO of DB Schenker in Finland, says that the new terminal "will become a significant logistics service point in Finland."

Nurmi added that the facility’s higher sorting capacity will allow the company to take on "a major share of Nordic online shopping volume."

Back to Homepage

Back to Transportation