Thermo-transit Ensures Continued Growth And Jobs

Thermo-transit Ensures Continued Growth And Jobs

The continued efforts to ensure Scandinavian transport buyers high quality and high capacity at competitive prices is the reason behind logistics company Thermo-Transit today announcing, that they are inviting an external investor into the company.

Thermo-Transit, headquartered in Denmark and with departments in all of Scandinavia, Poland and Germany, is a specialist in transporting fresh fish from Norway down south to the rest of Europe. It’s a highly dynamic business where the weather often causes extreme working conditions, and where a logistics company must be able to adapt to both seasonal and market fluctuations. Similarly, fresh fruits and vegetables are transported from southern Europe to the Scandinavian markets.

– The competition in overland transport has become harder over the years and more strength is needed if we are to grow and remain an attractive partner for our customers. With an external investor we can develop our company further and offer even more innovative transportation solutions to our customers, Jesper Hansen, CEO of Thermo-Transit Group, says.

Higher capacity
With the investment the investor, the international transport and logistics group Girteka Logistics, takes 40 per cent of the shares in Thermo-Transit. This will also allow Thermo-Transit to draw on Girteka Logistics’ fleet across Europe.

– It is a perfect match to find an investor like Girteka Logistics. They are already in the industry and they give us the opportunity to draw on their huge capacity. We see Thermo-Transit’s future as very positive, says Jesper Hansen.

The investment will have no influence on the daily management of the company, which has approximately 500 employees and had a turnover of DKK 687 million in 2014.

Expect more employees
Thermo-Transit offers a full scope logistics service collecting, managing and distributing fresh fish in their own system, regardless of where the fish comes from or where it is going to in Europe. The group has its own terminals for handling fish in Oslo, Norway, and Padborg, Denmark, and their own routes for all European countries. Jesper Hansen does not exclude future growth through acquisitions of other companies, and he expects that there will be a need for more employees.

– With our new investor, we have secured both our brand and our many talented and loyal employees who have a great share in our success, says Jesper Hansen, CEO, Thermo-Transit.

New possibilities
Girteka Logistics, headquartered in Lithuania, has more than 7,100 employees and a turnover of more than 450 million euro in 2014. The company is very happy with its investment in Thermo-Transit:
– Thermo-Transit is a very strong company with great growth potential. They combine skilled employees with high quality services and a solid customer base. We are pleased to have the opportunity to invest in Thermo-Transit and believe that this investment will strengthen their offerings to the customers, and we will be able to learn a lot from Thermo-Transit as well, Kristian Kaas Mortensen, head of communications at Girteka Logistics, says.

Source: Thermo-Transit