KH Group sells the logistics service company Logistikas

As part of its strategic transformation, KH Group Plc has today, on 30 June 2023, together with the other shareholders of Logistikas Oy, sold the shares of Logistikas Oy to the Swedish logistics company Logent AB. The transaction was signed and completed simultaneously.

Logistikas offers local logistics, in-house logistics and immediate-proximity warehousing services, logistics expert services and comprehensive procurement services. The company operates in 10 locations in Finland, both at its own logistics centres and at customer premises responsible for in-house logistics. For the financial period 2022, Logistikas’ net sales were EUR 31.8 million, EBITDA was EUR 2.4 million and operating profit (EBITA) was EUR 1.9 million.

“Under KH Group’s ownership, Logistikas’ management and other personnel have done an excellent job in developing services and expanding the network geographically. As a Nordic contract logistics expert, Logent offers a strong foundation for the further development of Logistikas’ business. We would like to thank the management, personnel and other owners of Logistikas for our journey together and wish them success also in the future,” states Ville Nikulainen, KH Group’s CEO.

The divestment of Logistikas represents a significant step in KH Group’s strategic transformation. The medium-term objective of the company is to become an industrial group built around the business of the earth-moving machinery supplier KH-Koneet.

For more information, please visit www.khgroup.com