PKP Cargo has acquired the remaining 44.44% stake in PS Trade Trans, a large Polish logistics operator. Gaining full control over the forwarder’s business puts the ownership structure of subsidiaries in order and opens up the possibility of using the full potential of PKP Cargo Corporate Group as a logistics operator. This acquisition will allow PKP Cargo to continue its dynamic expansion on international markets.
“The acquisition of PS Trade Trans is a step which brings us closer to our goal of PKP CARGO’s international expansion. We aim to unveil the strategy for PS Trade Trans and the new offer of our company’s logistics services as soon as in the second quarter of the year,” Chief Executive Officer of PKP CARGO Adam Purwin said.
PS Trade Trans owns a total of 9 handling terminals. Together with the terminals of PKP CARGO, they will form a strategic network of handling centres located throughout Poland.