GeoPost Group, the French-based logistics company and subsidiary of La Poste, the French postal service company, has agreed to acquire the Baltic, Poland and Russia-based parcel delivery and logistics business operations of Posten Sverige AB, the Swedish mail delivering company, for an undisclosed amount. The acquisition includes the BLS-Eesti (Estonia), BLS-Latvija (Latvia), BLS-Vilnius (Lithuania), Masterlink Express and its subsidiary Air Cargo Poland (Poland); and Armadillo and Armadillo Business Parcel (Russia) franchisee business operations. The acquired businesses reported revenues of approximately SEK 300m (EUR 33.15m) in 2003 and employ approximately 1,000 people.
Vinge acted for GeoPost Group.
Fredrik Wilkens (responsible partner)
Per Johan Eckerberg (partner of Vinge's Insurance Practice)
Jens Haneklint, Katarina Nordblom, Sara Olsson (associates)