LGT acquire their partner and distributor in Finland

LGT Logistics Group have acquired their partner and distributor in Lahti, TS Log Oy.

TS Log will from now on operate as LGT Logistics Oy. LGT have had an office in the same building as TS Log Oy for years. The company will stay in these facilities.

The owner of TS Log, Mr Timo Salonen, will become the new CEO at LGT Logistics Oy. Timo Salonen has been working in furniture transports and logistics for years. He was the previous owner of SHW Trans which he sold to ITELLA.

LGT will take over 20 employees in both office and warehouse. LGT also take over 16.000 sqm of cross-docking and storage facilities. Over the last 12 months, TS Log have had a turnover of 4 mio EUR, and the company has taken care of distribution for LGT across Finland. TS Log have logistics contracts with main furniture retailers such as Indoor Group, and recently, a new agreement with Vepsælæinen was signed.

With this acquisition the LGT Logistics Group secure their position of leading furniture logistics company in the Nordic countries. At the same time they have secured a good and strong platform for future growth.

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