DSV buys majority stake in FinlandÆs Termoline
DSV Road Oy, a Finnish company within the Danish freight forwarding and logistics DSV Group, has agreed to purchase a 57 percent shareholding in another Finland company, Termoline.
Termoline specializes in the transport of refrigerated goods, including flowers. Last year the company generated revenue of 7.8 million euros ($11.4 million).
Financial details of the transaction were withheld, although the agreement does include an option under which DSV may purchase the remaining 43 percent of the shares within one year.
'DSV intends to integrate the company into its Road Division. Considering the size of the company, management expects that this integration will be completed by the end of the year,' DSV said in a statement.
DSV buys majority stake in Finland’s Termoline
