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Nordic Transport extends German reach

[ August 5, 2024   //   ]

NTG Nordic Transport Group’s NTG Germany arm has signed an agreement to acquire 100% of road and logistics services provider Schmalz+Schön Holdings.

The company has 330 employees and 27 sites across Germany, doubles NTG’s revenue in Germany and significantly strengthens the company’s European network.

Founded in 1959, SSH offers tailored solutions to complex challenges from its headquarters in Stuttgart and key hubs in Stuttgart, Bautzen, Hamburg, Berlin and Frankfurt.

It also provides air and ocean freight services, contributing around 15% of total revenue.

For the financial year ending 31 December 2023, it reported €153.3 million in revenue and EBIT earnings of €10.4 million.

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