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DB Schenker to acquire Finnish transport business

DB Schenker is taking over Suomen Kiitoautot one of the largest family-owned companies in the Finnish transport industry.

Suomen Kiitoautot is a wholly-owned subsidiary of Kiitoautot Yhtiöt. Under the deal it will continue to operate in the medium-term as an independent affiliate in domestic land transport in Finland alongside Schenker Cargo.

“With this acquisition, DB Schenker is strengthening its presence in Kiitolinja’s domestic land transport,” said Karl Nutzinger, Schenker’s board member for land transport.

Article source: http://www.logisticsmanager.com/Articles/Article.aspx?liArticleID=17665