OT Logisitics acquires Sealand Logistics

Polish inland shipping operator OT Logistics has finalized a deal to acquire Sealand Logistics, a freight company, and has paid the first tranche of PLN 30 million. The second tranche will come in installments of PLN 7 million in the years 2017-2019 and the third is conditional on the long-term financial results, the company said in a press release. OT Logistics said that the transaction will allow the company to build a competitive advantage in container transport in Poland and abroad.

"The merger of these two leaders in sea and container forwarding is the result of the need for continuous development of both businesses and a response to the expectations of our customers and business partners," said Sealand Logistics.