Posti acquires Swedish logistics company Veddestagruppen

National postal and logistic services operator Posti Group Corporation on Sunday signed an agreement with the owners of Veddestagruppen to acquire the entire share capital of Veddestagruppen AB, said Posti in a press release on Monday.

Veddestagruppen is majority-owned by PEQ Invest and members of the company management.

Veddestagruppen will be integrated with Posti Group’s Swedish subsidiary Aditro Logistics after the closing. The parties have agreed not to disclose the transaction price.

Founded in 1992, Veddestagruppen is a logistics company providing services within contract logistics, transportation, field services and staffing in the Stockholm region.

In 2020, the company had net sales of around SEK 187 million (EUR 18 million). The company employs around 300 people.

The transaction is expected to close in the first quarter of 2022. After the closing, Veddestagruppen will be integrated into Aditro Logistics, a Business Group within Posti. The current management of Veddestagruppen will continue to work for the joint company.