Swedish Competition Authority approves PostNord’s acquisition of Green Cargo Logistics
The Swedish Competition Authority approved today PostNord AB’s acquisition of Green Cargo Logistics AB.
On March 26, 2012 PostNord AB and Green Cargo AB announced their signing of an agreement for PostNord’s acquisition of Green Cargo’s subsidiary, Green Cargo Logistics AB, and its buildings and property.
Having received Competition Authority approval, the parties intend to finalize the sale by May 30, 2012 as planned.
The acquisition of Green Cargo Logistics strengthens PostNord’s third-party logistics operations, fully in line with the group’s strategic focus. The third-party logistics market is considered to be experiencing significant growth.
Green Cargo Logistics will become part of PostNord’s business area Logistics. Business area head Henrik Höjsgaard will serve as Chairman of the Board of the acquired company, which will be renamed at a later date.