Compelling strategic rationale and customer benefits when TS Log teams up with LGT Logistics Oy in Lahti. The combination becomes the number one provider of furniture logistics in Finland and strengthens LGT Logistics’ clear market leading position in Northern Europe.
LGT Logistics is a leading provider of 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 is based in Horsens (Denmark), Tibro (Sweden), Lahti (Finland) and Vilnius (Lithuania) and has a turnover in excess of EUR 75 million. LGT Logistics 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 furniture industry as the hub between producers, exporters, importers, retailers and e-commerce players.
TS Log is a niche provider of furniture logistics based in Lahti, Finland, with a comprehensive service portfolio for the Finnish market encompassing distribution, home delivery, cross-docking and warehousing. Following the acquisition, TS Log will operate under the LGT Logistics brand and be able to expand its customer offering to also include for example cross border volumes. The founder and managing director of TS Log, Timo Salonen, will continue in the business and take on the role as CEO of LGT Logistics Oy in Finland.
“I’m excited to become part of LGT Logistics extensive furniture logistics network. We both share the same value ground and business philosophy – we care about our customers and we care about quality” says Timo Salonen, founder of TS Log and incoming CEO of LGT Logistics Oy in Finland, and concludes “with the benefits from a significant larger group and its proved logistics concepts we will become an even stronger supplier with a broader offering”.
“TS Log is dedicated to furniture logistics, which allows the company to deliver industry leading quality, in the same way as LGT Logistics” says John Riis, CEO of LGT Logistics group, and continues “the financial strength of LGT Logistics can support growth and strategic priorities in Finland and we can together continue to build longstanding partnerships with our customers”.
For further information, please contact:
John Riis, Group CEO of LGT Logistics, phone +45 (0)40 19 63 02
Timo Salonen, CEO of LGT Logistics Oy in Finland, phone +358 (0)500 84 50 18