Yusen Logistics Extends Business in South Eastern Europe
Yusen Logistics (Europe) BV announced that it has reached an agreement to acquire Tibbett Logistics, a wholly-owned subsidiary of UK-based Keswick Enterprises Group. This acquisition is subject to regulatory approval by the Romanian authorities.
Tibbett Logistics was established in Romania in 2010, although the business can trace its beginnings back to 2004. The company has since developed into a domestic market leader within the contract logistics, warehousing, transport and intermodal sectors. With its head office in Bucharest and 15 strategic locations nationwide, the company controls over 1,248,613 sq. feet (116,000 sq. meters) of warehousing and employs more than 1,300 people.
In addition, Tibbett Logistics manages the Bucharest international rail freight container terminal (BIRFT). From these strategic locations and with accessibility to railroad transport, Tibbett Logistics can provide its customers with logistics solutions that cover all of Romania and neighboring countries in South East Europe. Tibbett Logistics is currently offering services in multiple major market sectors, but with a particularly strong position within the retail and automotive industries.
Romania is currently one of the fastest-growing European economies, with booming investments in retail and manufacturing and a strong presence in numerous automotive companies. This acquisition provides Yusen Logistics with access and insight into the Romanian market as well as a well-established regional network of warehousing, intermodal and trucking operations run by an excellent team of professionals in Romania. This allows Yusen Logistics’ current and potential customers to benefit directly from comprehensive high-quality logistics services for their current and future opportunities in this fast-growing region.
Tibbett Logistics’ customers will benefit from the strength and knowledge of Yusen Logistics and NYK Group, as well as from having access to the comprehensive global network of Yusen Logistics. This will provide them with opportunities to sustain, extend and improve logistics solutions for their business, both in Romania and worldwide.
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