Elanders — M&A Activity 2021

Nov 22, 2021

Press release 22 November 2021

Elanders' acquisition of Bergen Logistics is now completed

In early November 2021, Elanders signed a contract for the acquisition of 80 percent of the shares in the American supply chain management company Bergen Shippers Corp ("Bergen Logistics"). Bergen Logistics is one of the leading players in the USA within contract logistics for fashion brands. The acquisition was conditional on the fulfillment of customary contractual terms. The acquisition has now been completed and Bergen Logistics will be consolidated into the Elanders group starting from November 2021.

For further questions, please contact

Magnus Nilsson, President and CEO, telephone: +46 31 750 07 50 Andréas Wikner, CFO, telephone: +46 31 750 07 50

Elanders offers a broad range of services and total solutions in supply chain management. The business is run through two business areas, Supply Chain Solutions and Print & Packaging Solutions. The Group has more than 6,000 employees and operates in some 20 countries on four continents. Our most important markets are China, Germany, Singapore, Sweden, the United Kingdom and the USA. Our major customers are active in the areas Automotive, Electronics, Fashion & Lifestyle, Health Care & Life Science and Industrial.