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Tablogix Logistics Group announces the successful completion of the acquisition of 100% of the Moscow region warehousing and transportation business of Itella Logistics, formerly part of the Finnish national logistics operator Posti. Norte Capital acted as independent financial advisors for the transaction and debt financing was provided by DOM.RF Bank.
As a result of the transaction Tablogix acquired Moscow facilities of Itella LLC (part of the transport and logistics company Itella Logistics) with a total area of over 180,000 sq.m. These include warehouses in Krekshino (60,000 sq m), Odintsovo (40,000 sq m) and Khimki (80,000 sq m). In 2020, Tablogix warehouse operations accounted for over 200,000 sq m of leased and customer space in the Moscow region. As a result of the acquisition of the assets of Itella LLC, the combined company’s total warehouse space will exceed 400,000 square meters, making Tablogix the second player in the Russian warehouse real estate market.
“The acquisition of Itella Logistics’ warehouse and transportation business will enable Tablogix to achieve significant synergies by diversifying its customer portfolio, improving operational efficiency and increasing the scale of its business. We have literally surrounded Moscow with high-quality warehouse space, which means customers no longer have to compromise on the optimal location,” said David Lane, CEO of Tablogix.
The merged company will be one of the top three operators in the contract logistics segment in Russia. According to experts, Tablogix’s total business value will exceed $100 million as a result of the deal.
“While previously warehouse capacity was needed to store and ship goods to stores, now the systems are being rebuilt, and we can talk about an increase in deliveries from the manufacturer directly to the consumer. According to our forecasts, this will lead to the fact that the whole market of transport and logistics services will continue to grow by about 8-12% a year,” – said the representative of DOM.RF.
Tablogix has been one of the biggest logistics service providers in Russia since 1994. Tablogix services include responsible storage, professional warehousing, distribution and delivery in Russia. We employ over 1,000 staff. Tablogix has a Center of Excellence which accumulates the best international and Russian logistics experience.
The Posti Group is one of the leading delivery and fulfillment companies in Finland, Sweden and Baltics. Posti Group’s net sales in 2020 amounted to EUR 1.6 billion and the adjusted operating result amounted to EUR 66.1 million. The combined net sales of Parcel and eCommerce and logistics businesses already represented almost 60% of the Group’s net sales in 2020. The Posti Group employs approximately 21,000 people. Posti Group Corporation is a public limited company owned entirely by the Finnish state.
Atria Plc (HEL: ATRAV), one of the leading meat and food companies in the Northern Europe, has sold 100% in OOO Pit-Product to Cherkizovo Group (MCX: GCHE).
Pit-Product owns and operates two production plants in Leningrad region, where it produces a wide range of products under well-established brands, including Pit-Product, Casademont and CampoMos.
The transaction will allow Atria to realize major milestone in restructuring of its Russian meat processing business and focus on strategic development in other markets.
Transaction value reached ca. 30.0 mln Euro.
Atria Plc (HEL: ATRAV), one of the leading meat and food companies in the Northern Europe, has signed a definitive agreement to sell 100% shares in OOO Pit-Product to Cherkizovo Group (MCX: GCHE).
Pit-Product, Atria’s Russian meat processing business, owns and operates two production plants in Leningrad region, where Pit-Product produces a wide range of products under well-established brands, including Pit-Product, Casademont, CampoMos and Atria Food Service.
The transaction will allow Atria to realize major milestone in restructuring of its Russian meat processing business and focus on strategic development in other markets.
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