Transport Company Ville Silvasti Ltd has undergone the largest growth investment in its history by acquiring the Danish Frank Nørager & Co. A/S, a family-owned business specialising in wind power logistics. The corporate acquisition makes Silvasti the largest special transport company in northern Europe, with a turnover of nearly EUR 50 million and a staff of nearly 200. The acquisition strengthens Silvasti’s expertise in wind power logistics in particular, which the company has chosen as one its key focus areas.
Silvasti and Nørager are amongst the leading special transport companies in northern Europe, specialising particularly in special transports related to wind power plants. The acquisition significantly increases the companies’ capacity to concurrently carry out demanding special transport projects for the industrial sector across Europe. For Silvasti, the acquisition is a natural continuation of years of responsible commitment to family entrepreneurship.
“In order to grow in Europe, we must expand both geographically and in terms of our equipment. This acquisition combines Silvasti’s strong planning know-how and comprehensive project management with Frank Nørager & Co. A/S’s operative expertise and extensive fleet resources. We consider the acquisition to be a real ‘perfect match’, bringing together competences that complement each other perfectly,” says Transport Company Ville Silvasti’s majority owner Ville Silvasti.
The acquisition is aided by the fact that the two family-owned companies share a number of similarities. Frank Nørager & Co. A/S was established 30 years ago by Frank Nørager, who started operating as a driver with only a single truck, just like Silvasti.
“We were fast approaching a generational handover and were considering our options. Our two companies have very similar backgrounds and values, making the deal with Silvasti a very natural choice,” says Mikael Schmidt, who is taking over the Danish company as managing director.
The management approach and operational quality of both companies is based on capable personnel and the owners’ in-depth knowledge of the industry, right down to the operative level.
“This ensures that our clients are provided with short response times and flexible services that are based on a comprehensive understanding of the industry. Both companies also have very good reputations and are well-known for the high quality and reliability of their operations. As such, the clients of the expanded Silvasti Group can look forward to working with a versatile service provider whose services are now even more professional than before,” says Silvasti.
Transport Company Ville Silvasti acquires Frank Nørager & Co. A/S, becoming the largest in northern Europe
