NTG Nordic Transport Group A/S (“NTG”) has today entered into a share purchase agreement whereby NTG will acquire 85% of the shares in Ebrex Business Solutions Ltd. (“Ebrex”). The transaction was described in NTG’s Prospectus dated 24 September 2019 as a potential material transaction where a letter of intent had been signed.
Ebrex is headquartered in Great Yarmouth, United Kingdom and has its core business areas in road freight forwarding, supply chain solutions and warehousing, mainly to the automotive aftermarket industry in Continental Europe (spare parts). The key geographical markets are United Kingdom, Germany, Poland and Sweden.
Ebrex was founded in 1985 and today has about 250 employees in 13 locations throughout Europe. In 2018, Ebrex realized revenue of EUR 41.4 million, EBIT of EUR 3.8 million and an EBIT margin of 9.3% (UK GAAP). The acquisition marks another important step for NTG towards becoming a market leader within freight forwarding services in the Nordics and Europe.
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