BTL, the Swedish transport group, has agreed to sell the Wilson Group,
its air and ocean freight forwarding arm, to Nordic Capital, a venture
capital company.
BTL, which was recently acquired by Germany’s Stinnes/Schenker group,
will transfer to Nordic Capital forwarding and logistics businesses that
have annual sales of about SKr5.7 billion ($680 million).
The businesses employs 2,300 staff in 33 countries.
The deal includes the sale of Castelletti Overseas, BTL’s Italian
subsidiary, and BTL’s shareholding in the Canadian firm Combined Logistics.
The terms of the sale were not disclosed. The sale is subject to
approval by the relevant regulators.
BTL said that it rejected the possibility of merging Wilson with the
freight forwarding activities of its new parent company, Schenker.
BTL SELLS WILSON GROUP TO VENTURE CAPITAL FIRM
BTL SELLS WILSON GROUP TO VENTURE CAPITAL FIRM
