NTG acquires Neptun Transport A/S

NTG Nordic Transport Group (“NTG”) has entered into a share purchase agreement regarding the acquisition of 75% of the shares in Neptun Transport A/S (“Neptun”).

Neptun, a specialist in road freight forwarding between Scandinavia and Eastern Europe, the Balkan countries, Turkey, and the Middle East, has developed close relationships with a range of specialised suppliers and blue-chip customers since inception in 1990. The company is particularly recognised for its competencies and track-record of servicing customers on complex trade lanes.

In the financial year that ended 30 April 2020, Neptun generated a revenue of approximately DKK 175 million and an EBIT of approximately DKK 9 million.

“I am happy to welcome another well-known and reputable Danish freight forwarder to NTG. The acquisition of Neptun expands our capabilities in Eastern Europe and the Middle East, and it adds valuable expertise on transportations of pharmaceutical and biotechnological goods. I look forward to further developing Neptun together with two of the founding and managing directors, who will stay fully involved in the business and future value-creation of the company, and the rest of the Neptun team”, says Jesper Petersen, CEO of the Road & Logistics division at NTG.

After closing of the transaction, Neptun will continue as a stand-alone subsidiary of NTG in accordance with the principles of NTG’s partnership model. Peter Svendsen and Jakob Pedersen, founding partners and managing directors, will continue as managing directors, each with a retained indirect ownership of 12.5%.

“NTG and Neptun share the same core values of dedication, collaboration, and commitment, and both companies recognise their employees as the great asset in becoming customers’ preferred choice. Together with NTG, we can accelerate the development of our existing trade lanes and expand the number of geographies covered, to the benefit of Neptun and NTG’s customers. I am proud of the results that we have achieved since 1990 together with our hard-working and dedicated employees, and I look forward to embarking on the next phase of the company’s journey together with NTG”, says Peter Svendsen, co-founder and Managing Director at Neptun.

Signing of the transaction occurred today, 3 May 2021, and closing of the transaction is expected during H1 2021 subject to approval by the relevant competition authorities.

 

Additional information

For additional information, please contact:

Investor relations:
Christian D. Jakobsen, Group CFO
+45 76 32 09 89
ir@ntg.dk

Press:
Mathias Jensen-Vinstrup,
Group Director
+45 76 32 09 90
press@ntg.dk

NTG Ebrex UK Ltd acquires Twente Express Limited

NTG Ebrex UK Ltd (“NTG Ebrex”) has entered into a share purchase agreement regarding the acquisition of 100% of the shares in Twente Express Limited (“Twente”).

Twente, a UK-based freight forwarding company founded in 1983, specialises in daily door-to-door parcel and pallet deliveries and collections to and from the Benelux area, as well as freight forwarding services to and from worldwide destinations. Twente operates from a distribution centre in Brownhills in the West Midlands, a significant industrial hub in the UK, with depots at Enschede and Dordrecht in Holland and Gent in Belgium.

In the financial year ending 31 December 2020, Twente generated a revenue of approximately GBP 5.4 million and an EBIT of approximately GBP 150,000, the latter including effects of COVID-19 furlough grants of approximately GBP 100,000.

Twente is a trusted partner of NTG Ebrex with daily departure schedules that mirror those of NTG Ebrex’ current setup between the UK and Germany, where NTG Ebrex operates daily roundtrip services. NTG Ebrex and Twente operate across the same core region of the West Midlands and share the core values of customer service and operational excellence.

“With the acquisition of Twente, the Benelux area is added to the regions to and from which we offer dedicated express freight services in NTG Ebrex in the UK. Twente is a long-standing partner of NTG Ebrex, and with its 37 years of experience, we consider Twente as a market leader in express freight services between the UK and Benelux region. We look forward to welcoming the employees, customers, and partners of Twente to NTG and to strengthen the position as customers’ preferred partner for express freight services between the UK and Germany, Holland, Belgium and Luxembourg”, says Jesper Petersen, CEO of Road & Logistics at NTG.

The combination of the two entities will support the continued development of the European road freight, UK domestic freight, and international freight forwarding services to existing and new customers.

Signing and closing of the transaction occurred today, 13 April 2021, and the activities of Twente will be consolidated into NTG Ebrex as soon as possible.

 

Additional information

For additional information, please contact:

Investor relations:
Christian D. Jakobsen, Group CFO
+45 76 32 09 89
ir@ntg.dk

Press:
Mathias Jensen-Vinstrup, Group Director
+45 76 32 09 90
press@ntg.dk

NTG Nordic Transport Group Annual Report for 2020

NTG Nordic Transport Group A/S (“NTG”) has today published the 2020 annual report.

“Despite the turbulence and elevated uncertainty due to COVID-19, we delivered financial results for 2020 in line with the outlook. Thanks to our hard-working and dedicated employees, we maintained a net revenue in line with 2019 while increasing operating profit before special items by more than 25%. I am pleased that we successfully managed to adapt to the new situation and safeguard profitability while simultaneously performing a complete overhaul of non-performing activities, establishing four startups, and completing three acquisitions”, says Michael Larsen, Group CEO.

Read the full company announcement and annual report 2020

Corona virus situation

Update on the corona virus situation as of

NTG Nordic Transport Group is operating on regular basis within road, air and ocean freight as well as logstics and warehouse services.

Our many offices and facilities have adapted to operating as close to normal as possible under observance of the Covid-19 restrictions. Our daily work conditions are based on long-term solutions, ensuring that obligations towards customers are met and that we can conduct daily business without risk of our personal health or safety.

Please contact your local NTG team if you have any requests. We are here to help


It is possible to pick-up and deliver cargo in most regions in Europe, and our fleet of trailers is on the road every day to service our customers. The same situation applies for overseas shipments.

Please contact your local NTG team with any request you may have. We are still here for you.

NTG Air & Ocean are operating in full scale, despite the continued pandemic situation.

For any airfreight or oceanfreight requests or bookings, the NTG team are fully available and ready to support and guide you, please connect to your regular NTG contact person.

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