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As part of our expansion strategy, Speed Group acquires LogistikPalatset Borås AB from LBC

Speed Group acquires the operations of LogistikPalatset Borås AB from LBC

Founded in 2004, LogistikPalatset i Borås AB is a flexible logistics provider, always with customers needs centre stage. The company’s business concept will fit in well with the rest of Speed Group’s operations. Today LogistikPalatset has a turnover of approximately 20 MSEK, a staff of eight and access to 15 000 m2 of inventory facilities.

In October 2014, LBC Borås AB took over LogistikPalatset Borås AB, with the intent of offering customers an across-the-board solution in third party logistics and transports. Today, LBC Borås AB is expanding in other fields, such as transports and machine services, and have chosen to sell the operations of LogistikPalatset Borås AB to Speed Group AB, to focus on the core business instead.

“I’m confident in handing over operations to Speed Group as they are an experienced and competent company in third party logistics”, the CEO of LBC Martin Falck says. “Standing for long-term comprehensive solutions, both in dealing with customers and with their own staff, we are certain that the customers and staff of LogistikPalatset in Borås AB now ends up in very good hands”, he adds.

“We are very pleased with our acquisition, as it strengthens our leading position as logistics provider in the Borås Region”, Peter Nilsson, CEO of Speed Group says, continuing: “This is also a natural step in our strategy of expansion.”

FOR MORE INFORMATION, PLEASE CONTACT

Peter Nilsson, CEO Speed Group, peter.nilsson@speedgroup.se , +46 (0) 704 84 86 43

 

Speed Group currently has a turnover of 600 MSEK and approximately 1,000 employees. The majority shareholder of Speed Group is Ratos.