Panalpina has bought Grieg Logistics, which provides freight forwarding, domestic transport, warehousing, distribution and customs clearance services from 14 sites in Norway.
It will be renamed and will trade under “Panalpina Grieg” for an interim period. Grieg’s current chief executive, Rune Birkeland, will support a transition of the core businesses into Panalpina’s current Norway organisation while remaining with the Grieg Group.
The Norwegian operations will be managed by Erik Hutter, who has led Panalpina’s Oil and Gas industry vertical for the past nine years.
Chair of the board of Grieg Logistics, Elna-Kathrine Grieg said: “When the freight forwarding division of our business is now sold to a company that has a similarly strong position in the same markets outside Norway, we expect that also the Norwegian activity will be strengthened.
“The maritime services and port operations will continue under the name Grieg Logistics AS with all the remaining 100 employees and will be developed further on the basis of existing business. We clearly have ambitions for growth in this area as a natural part of the Grieg Group maritime profile.”