Speed Group Expands Through Nord Logistics Acquisition
Deal News | Nov 12, 2024 | Ratos
Speed Group, a logistics company, has acquired Nord Logistics to expand its range of transportation services. This acquisition will enhance Speed's capabilities in global full-service transportation, including sea and air freight, thereby improving its competitive edge and widening its market outreach. Christian Johansson Gebauer, Chairman of the Board of Speed Group, emphasized the strategic significance of this integration, while CEO Jesper Andersson highlighted the complementary nature of Nord Logistics' strengths to Speed Group's existing services. The acquisition aligns with Speed's growth strategy, positioning them to offer comprehensive logistic solutions. Speed Group, achieving carbon neutrality ahead of schedule, operates primarily out of Borås, Sweden, and generates approximately SEK 1 billion in sales. The acquisition is effective immediately with Nord Logistics employees being integrated into Speed's operations.
Sectors
- Logistics and Transportation
- Private Equity
Geography
- Sweden – Speed Group is based in Borås, Sweden, and the acquisition involves integrating operations from a Swedish context.
Industry
- Logistics and Transportation – The acquisition of Nord Logistics by Speed Group falls under the logistics and transportation industry as it expands Speed's service offerings in global freight.
- Private Equity – Ratos, a private equity firm, backs Speed Group, highlighting the role of private equity in facilitating strategic acquisitions and business growth.
Financials
- SEK 1 billion – The sales revenue of Speed Group.
- SEK 32 billion – Net sales of Ratos as of September LTM.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Speed Group | Acquirer | Company | A logistics company expanding its service offerings through the acquisition of Nord Logistics. |
| Nord Logistics | Target | Company | A logistics company acquired by Speed Group to enhance its transportation services. |
| Ratos | PE Firm | Company | A Swedish private equity firm involved as the backer of Speed Group. |
| Christian Johansson Gebauer | Chairman of the Board of Speed Group | People | Oversees strategic direction at Speed Group, supporting the acquisition of Nord Logistics. |
| Jesper Andersson | CEO of Speed Group | People | Leads Speed Group's strategy and execution, including the acquisition of Nord Logistics. |