LGT Logistics, with net sales of over SEK 700 million, is the leading player in furniture logistics with a full service offering encompassing warehousing, cross-docking and distribution of furniture goods within, to and from the Nordic countries. The company has established a market leading position through both organic growth and acquisitions and is today, with its extensive distribution network, an integral part of the Nordic furniture industry as the hub between producers, exporters, importers, retailers and e-commerce players. The company has operations in the Nordic and Baltic countries with the main warehouses and terminals located in Horsens in Denmark and Tibro and Bjärnum in Sweden.
Paul Steene, partner at Litorina Capital Advisors AB, emphasizes LGT Logistics leading position in the Nordic market, “LGT Logistics has a unique position as a specialized logistics partner for the furniture industry. As a result of its size and long experience of furniture logistics, the company is able to offer its logistics concept in a very cost-efficient way with an industry leading quality, which is valued by both LGT Logistics’ customers and the customers’ customers.”
The company has opportunities to grow in both existing and adjacent segments and services. “Whether a sofa is purchased by a consumer in a furniture store or on the Internet there is a need to transport it from the producer to the consumer. LGT Logistics has, with its pan-Nordic platform and specialized service offering, a strong position to service that demand” says LGT Logistics CEO John Riis and continues “We look forward to developing and growing LGT Logistics together with Litorina once again. With its extensive industry experience and expertise, Litorina is an excellent partner for LGT Logistics in our work to realize the identified opportunities in our business plan.”
Litorina’s acquisition of LGT Logistics is expected to be completed in April 2015.
