HELSINKI: November 01, 2018. Nurminen Logistics has sold its Russian subsidiary OOO Nurminen Logistics to Transless LLC, one of the largest rolling stock operators in Russian forest industry.
As part of the transaction, Transless will acquire the OOO Nurminen Logistics’s fleet, consisting of about 350 railcars, the majority of which are specialised rolling stock for timber cargo transportation.
OOO Nurminen Logistics is a specialist in import and export rail logistics between Finland and Russia and within Russia and its neighbouring countries. The company has acquired expertise in servicing major international clients, with a focus on pulp and paper industry.
Alexey Barbariush, CEO of TransLes LLC, commented: “RTC’s strategic priority has always been to focus on fast-growing niche markets, securing sector leadership and developing a compelling and comprehensive service offering to its clients. As part of this strategy, we continue to expand our capacity and grow our rolling stock, services and routes portfolio in the timber transportation market.
“The acquisition of OOO Nurminen Logistics, our first international M&A transaction outside of the CIS space, fits perfectly with this strategy, adding not only high-quality fleet capacity and important geographic coverage of the Russia’s North West, Finland and Europe, but also strong expertise and a deep understanding of the timber sector, enabling us to further consolidate our client offer package.”