Hellmann Worldwide Logistics has acquired the remaining minority shares of three of its partner companies in the Baltic states of Estonia, Latvia and Lithuania.
The family-owned German logistics provider Hellmann has been present in the Baltic market with three companies since their establishment in 2007 and 2008.
Hellmann will now take over all shares from the current managing partners, who will continue to run the national companies, ensuring a seamless continuation of business activities.
The full integration of the Baltic companies into the existing global Hellmann network will significantly expand their product portfolio, which in the region has so far focused primarily on road transport of full and part loads.
Hellmann Worldwide Logistics Regional chief executive officer for East Europe Piotr Zaleski says: "The Northern and Eastern European market plays an increasingly important role in Hellmann's strategy.
“The previous acquisitions in Europe combined with the acquisitions in the Baltic States allow us to expand our strategic network and to develop faster and more efficient solutions for our customers."
Hellmann Worldwide Logistics has around 14,000 employees in 54 countries around the globe providing forwarding services by truck, rail, air- and seafreight, as well as courier, express and parcel services, contract logistics, industry and information technology solutions.