FREJA in new strategic acquisitionPosted on 22.12.2017
FREJA has signed an agreement for acquisition of the transport company Transcargo with head quarter in Padborg, Denmark.
With the acquisition of Transcargo, FREJA will secure an even stronger position at the market and get close to the aim of being a full service provider. Transcargo’s transport services will complement the already strong service level in FREJA and will to a great extend create value for the customers in the FREJA group.
With the acquisition of Transcargo, who has a strong brand in temperature-controlled transports and is among the market leaders at the lines from Denmark to Greece and Polen, FREJA comes one step closer to its aim of being a full service provider to the transport market. Officially, the acquisition will take place on January 1st 2018 but awaits the approval of The Danish Competition Authority.
“We have a clear strategy to strengthen FREJA’s position at the transport market. Transcargo’s core services complement FREJA very well. We see very many interesting possibilities, which are obvious to exploit. It will be very interesting for our customers”, says Group CEO Jørgen Hansen.
Stronger brand will create competitive advantages for the customers
It has been quite some years since FREJA made our recent acquisition, but for the management in FREJA it has been a matter of finding the right match.
“We have had the patience to wait for the right acquisition to become a possibility for us. Transcargo includes everything we have been looking for. In future, we will to an even greater extend be able to help the customers optimize their value chain to become even more competitive. It is a win-win for all parties”, evaluates Jørgen Hansen.
Jørgen Hansen underlines that Transcargo’s activities will be further developed from the strategic positions in Denmark (approx. 50 employees), Sweden (3 employees) and Poland (approx. 90 employees. The employees play an important role in the future development.
Until now, Transcargo has been owned by the founders Bjarne Sell Hansen and Henrik Jürgensen, CEO Torben Mortensen and a number of minor shareholders. Torben Mortensen will continue as branch manager in Padborg and as manager for the Polish company. Consequently, he joins FREJA’s group of directors. Henrik Jürgensen will continue his present job as traffic manager with focus on Greece. Torben Mortensen and Henrik Jürgensen will continue as shareholders in FREJA, while Bjarne Sell Hansen enters the board in the Polish company.
Bjarne Sell Hansen sees FREJA as the perfect match for Transcargo and says:
”FREJA is a solid, well-run company with a strong brand, a committed organization with 600 employees and a good reputation in the market. FREJA has a strong IT platform, which is ready to implement Transcargo. At the same time FREJA is a group with strong values - all in all a company that we - as seller of Transcargo - only have faith in”.
For further information please contact Group CEO Jørgen J. Hansen.