Posti Group Corporation acquires Suomen Transval Oy from MB Funds

Posti Group Corporation, the leading Finnish postal and logistics service operator with annual sales amounting to EUR 1 647 million in 2017, continues its strategic growth path in logistics services by acquiring Suomen Transval Group Oy, a company that specializes in in-house logistics. As a result of this acquisition, Posti becomes a significant operator in logistics outsourcing solutions in Finland. Posti, MB Funds and other shareholders signed an agreement on September 28, 2018, on Posti acquiring the entire share capital of Transval. Transval is one of the leading in-house logistics service providers in Finland with more than 20 years of experience in improving operational efficiency and implementing different outsourcing solutions, especially on logistics and manufacturing sites. Transval’s net sales in 2017 were approximately EUR 148 million. It employs 3,500 logistics professionals, of which 3,200 work in Finland and 300 in Estonia and Latvia. Following an approval by Finnish Competition and Consumer Authority the transaction was closed in January 2019.