Trans-Sped is one of Hungary’s largest Hungarian-owned innovative logistics companies providing comprehensive services. According to the agreement between the parties, from 1 October 2021 Trans-Sped, as a strategic investor, will manage the warehousing, customs administration, freight forwarding and transportation activities performed at EURO-LOG Kft., by combining the outstanding professional experience of the two companies.
It is important for the management of both companies that the transition is quick and smooth, and that the new structure is mutually beneficial. During the acquisition, Trans-Sped will fully integrate the warehousing logistics, freight forwarding and transportation businesses into its own operating system, while not changing the relationship between the partners and employees, making the transition seamless for all participants.
The activities of EURO-LOG Kft. will be fully integrated into Trans-Sped’s operation as of 1 January 2022, within the framework of the sale and purchase of the business line. Until that date, EURO-LOG Kft. will continue to serve customers as an independent business company.
EXPANDED RANGE OF SERVICES
With its diverse experience in groupage transportation in the Nordic and Eastern markets, EURO-LOG holds a market leader position in Finland, the Baltic States, Scandinavia and Turkey. Their freight forwarding service is of high quality and covers the Balkans, the Baltic States, Scandinavia, Western and Eastern Europe, as well as Turkey and the Middle East.
As a result of the acquisition, Trans-Sped’s usual groupage shipping service will expand to Turkey, the Scandinavian Peninsula and Hamburg. The experience of EURO-LOG is an important resource that will benefit all Trans-Sped customers in the future.
Trans-Sped aims to explore its customers’ logistics problems and provide an efficient solution for all needs. This way logistics will no longer restrict, but support business development. It is important for our company to provide long-term competitive rates, quick response and planning, and an outstanding customer experience.
The purpose of the acquisition is to expand the range of groupage and LTL services, through the professional experience, freight forwarding network and subcontractors and clients of EURO-LOG. Thus, in the future EURO-LOG’s customers and subcontractors will be served by a company with nearly 850 employees and a turnover of HUF 21 billion that provides comprehensive logistics services.
Trans-Sped currently works with 1,800 active clients and 1,000 certified subcontractors, and this extensive network of contacts provides a great opportunity to leverage mutually the synergies between them. The usual high level of service and the dynamics between the colleagues will be maintained, as EURO-LOG’s personnel will continue to work as a new team within Trans-Sped’s freight forwarding directorate.
The management of EURO-LOG had three key goals to be achieved with the trade of the company.
- Ensuring that the usual high quality of service for clients and subcontractors is maintained on the long run
- Ensuring that EURO-LOG employees can continue their work at the new company
- Ensuring that the acquiring company should be a company that has a highly customer-centric approach and is committed to mutual development
Trans-Sped is committed to all three conditions, and the crew is looking forward to working together.