Transport Company Ville Silvasti Ltd, a Finland-based provider of special and heavy transports as well as project logistics services, has acquired Frank Nørager & Co. Holding A/S, the largest special transportation company in Denmark specializing in wind power logistics. The cross-border transaction makes Silvasti the largest special transport company in Northern Europe, with revenues of close to EUR 50 million and personnel of nearly 200. The acquisition strengthens the Silvasti Group’s expertise in wind power logistics, which is a key focus area for the company.
Transportation Company Ville Silvasti (“Silvasti”) and Frank Nørager & Co. Holding (“Frank Nørager”) are among the leading special transport companies in Northern Europe, specializing particularly in logistics services related to wind power mills. The acquisition significantly increases the companies’ capacity to carry out demanding special transport projects for the industrial sector across Europe.
“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’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 many similarities. Frank Nørager & Co. 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.
A versatile special transport expert
The new Silvasti Group’s equipment now consists of approximately 100 tractor units, over 50 escort vehicles and over 200 different special transport trailers, some of which can be extensively modified based on clients’ needs.
“We can now provide special transport services even more flexibly and competitively than before. The staff of both companies represent the industry’s elite, with strong expertise and extensive experience. I am very eager to see just what this crew can accomplish together,” Silvasti says.
ProMan IMAP Finland advised Transportation Company Ville Silvasti throughout the acquisition process of Frank Nørager & Co.