Speed Group Expands Services with Nord Logistics Acquisition
Deal News | Nov 12, 2024 | Ratos
Speed Group, a logistics firm under the private equity company Ratos, is extending its transportation services by acquiring Nord Logistics. This strategic acquisition positions Speed as a global full-service transport provider, expanding its reach into sea and air freight markets. The integration of Nord Logistics into Speed's operation broadens the company's service offerings, competitive edge, and customer base. With the acquisition effective immediately, Nord Logistics employees will join the Speed organization. Speed Group already achieved carbon neutrality by 2023, striving for operational sustainability. This move aligns with Ratos’ business strategy of enhancing its portfolio companies through strategic integration and expansion, underscoring Ratos’ core values of speed in execution and people-centered culture.
Sectors
- Logistics and Transportation
- Private Equity
Geography
- Sweden – Speed Group is based in Sweden, and Ratos is a Swedish business group, indicating the geographical focus of the companies involved.
Industry
- Logistics and Transportation – The acquisition expands Speed Group's service offerings in logistics, specifically in sea and air freight, marking it as a significant player in logistics and transportation.
- Private Equity – Ratos, as a private equity firm, supports the expansion and strategic acquisition of its portfolio company, Speed Group, highlighting its role within private equity investments and growth strategies.
Financials
- SEK 1 billion – Sales of Speed Group prior to the acquisition.
- SEK 32 billion – Net sales of Ratos' companies as of September LTM.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Speed Group | Target Company | Company | A logistics company providing comprehensive transportation services, part of the Ratos group. |
| Nord Logistics | Selling Company | Company | The company whose services and workforce are being integrated into Speed Group. |
| Ratos | Private Equity Firm | Company | Swedish business group focusing on strategic growth in its portfolio companies, including Speed Group. |
| Christian Johansson Gebauer | Chairman of the Board of Speed Group | Person | Also President, Business Area Construction & Services at Ratos, involved in overseeing the acquisition. |
| Jesper Andersson | CEO of Speed Group | Person | CEO responsible for implementing the acquisition strategy within Speed Group. |