Russian logistics firm, Tablogix, has acquired the warehouse and transport operations of Finnish company, Itella Logistics.
Tablogix has taken the Moscow facilities of Itella LLC (part of Itella Logistics) which includes warehouses in Krekshin (60,000 square metres), Odintsovo (40,000 square metres) and Khimki (80,000 square metres).
In 2020, Tablogix’s warehouse operations reportedly accounted for more than 200,000 square metres of rented and client space in the Moscow region. Following the acquisition of Itella assets the total warehouse space of the merged company will exceed 400,000 square metres.
“The acquisition of Itella Logistics’ warehousing and transport business will enable Tablogix to achieve significant synergies by diversifying client portfolio, increasing operational efficiency and increasing the scale of business,” said Tablogix CEO, David Lane.
“We have literally surrounded Moscow with high-quality warehouse space, which means that customers no longer need to compromise on the optimal location.”
Valery Sinyaev, Chief Financial Officer of Tablogix, has forecast growth of about 8-12 per cent per year in transport and logistics services following this acquisition.
“If earlier warehouse facilities were needed to store and send goods to stores, now the systems are being rebuilt, and we can talk about an increase in the volume of deliveries from the manufacturer directly to the consumer,” said Sinyaev.
Since 1994, Tablogix has been among the largest logistics service providers in Russia. With a staff of more than 1,000 people, the business’ services include storage, professional handling of products in warehouses, distribution and delivery of goods.