Gefco buys vehicle distribution specialist

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Gefco, part of PSA Peugeot Citroën, is buying a 70 per cent stake on Gruppo Mercurio, the Italian vehicle transport and distribution company.

Mercurio is particularly strong in the markets of India, South-East Asia and Central Europe. The company generated revenues of €127 million in 2010.

Gefco wants to accelerate the development of its inbound and outbound automotive logistics offer as well as widening its client portfolio and extending its international footprint.

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