ME Investicija is divesting the warehousing and third-party logistics (3PL) services of Terminal LT – one of its Lithuanian non-core investment companies. Established in 2004, Terminal LT is being purchased by Via 3L Group one of the leading 3PL service providers in Estonia and Latvia. The transaction is expected to come into effect on January 2020 after its confirmation by the Competition Council.
ME Investicija is the owner of Girteka Logistics, one of the leading transport and logistics companies in Europe. The warehousing and customs intermediation services provided by Girteka Logistics for its customers remain unaffected by this sale and will continue to be part of the company’s expansive portfolio of transportation services. The company’s own warehouses in Russia and Latvia and Lithuania will also be maintained.
“In order to focus our energy and resources on the quickly growing and developing international business of transportation, we are divesting one of our non-core businesses. We will now focus on the export business of transportation services, and on other supporting activities that create added value for this, our core business area,” said Edvardas Liachovičius, CEO of ME Investicija.
The purchase of Terminal LT by Via 3L OÜ – a mother company of Via 3L Group which belongs to Estonian company JNG Investments – has been completed through a closed tender. The value of the transaction has not been disclosed. Terminal LT will continue to be headed by Gintautas Čečys, who has been working for the company since 2007 and has been the director since 2016.
After the acquisition, all the current Terminal LT employees will continue working at Terminal LT, developing long-term partnerships with both current and new clients.
“Under the new ownership, Terminal LT will continue developing its warehousing and third-party logistics services, providing them to manufacturers representing global brands and distributors who distribute FMCG (Fast-Moving Consumer Goods) and temperature-sensitive products in Lithuania and in the Baltic states. This acquisition will help Via 3L Group to substantially strengthen its position in Lithuania and become leading 3PL service provider in the Baltic region. It will bring new opportunities to Baltic distributors to enter into all Baltic markets under one independent logistic partner and opens up new efficient distribution opportunities,” said G. Čečys.
“Via 3L Group has been searching acquisition opportunity to enter to the Lithuanian market for several years. We are very glad that with ME Investicija we have found common language which allows us to introduce Via 3L brand on the Lithuanian market through well-known and strong company. Via 3L Group has always taken Baltic countries as one market and being strongly present in all three countries has been our strategic goal. It gives to us opportunity to provide our services in all countries creating additional value to our current and future customers.
I would like to welcome all Terminal LT team members in Via 3L family, we are proud to have you with us,” said R.Rohtla CEO of Via 3L Group.
About ME Investicija
Holding Company ME Investicija is an investment company that owns Girteka Logistics, the leading transport and logistics company in Europe and SIRIN Development, a commercial real estate development company.
Girteka Logistics is one of the leading transport and logistics companies in Europe, transported about 460,000 Full Truck Loads (FTL) last year. Founded in 1996, the company has is constantly growing organically every year since. Today 6700 trucks and 7000 semi-trailers operate in Europe, Scandinavia and the CIS. In 2018, Girteka Logistics became the fastest growing employer in Lithuania, and the company currently employs more than 15,500 people.
SIRIN Development is one of the leading industrial and commercial real estate (RE) development companies. The real estate portfolio developed by SIRIN Development covers more than 300 000 sq. m of RE in Lithuania and neighboring countries. The company started it`s business in 2005, currently is expanding rapidly and in 2019 is planning to invest 100 million EUR in RE development projects in the Baltic, Russian and Romanian markets.
About Via 3L
Via 3L is mother company for Via 3L branded companies in Baltics providing international transportation, warehousing and logistics services for local and international food and consumer goods producers. Into Via 3L Group belong Via 3L Latvia, Via 3L Freight and Via 3L Lithuania. Via 3L belongs to JNG Investments which is also a holding company of Jungent Group who is engaged in sales and marketing activities in the Baltic region. Its subsidiaries are Jungent Estonia , Jungent Latvia and Jungent Lietuva (. JNG Investments core activity lies in the wholesale market of FMCG and lubricants, as well as in logistics through Via 3L.
The group represents the following leading brands in the Baltic region: Colgate-Palmolive, Libresse, Zewa, Helen Harper, Löfbergs Lila, Evian, Shell Lubricants, Dilmah, Foodworks, Bonduelle, Katjes, Emco, Nivea, Anna’s and Froosh.