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.
For additional information, please contact:
Christian D. Jakobsen, Group CFO
+45 76 32 09 89
+45 76 32 09 90