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JUN 11, 2004 (newstodate): The Swedish investment group Nordic Capital has sold Wilson Logistics Group to Dutch Mail, express and logistics company TPG N.V.
The price has been set at SEK 2.35 billion, or euro 257 million, according to a statement.
The acquisition represents TNT's first major step into global freight forwarding and is expected to strengthen its position as a logistics and express service provider.
Wilson will form the platform for freight forwarding within TNT Logistics. The ongoing commitment of Wilson's senior management has been secured.
The price has been set at SEK 2.35 billion, or euro 257 million, according to a statement.
The acquisition represents TNT's first major step into global freight forwarding and is expected to strengthen its position as a logistics and express service provider.
Wilson will form the platform for freight forwarding within TNT Logistics. The ongoing commitment of Wilson's senior management has been secured.