Elanders’ acquisition of LGI

In June 2016 Elanders signed a contract for the acquisition of all the shares in the German supply chain management company LGI Logistics Group International GmbH (“LGI”), which is one of the leading players in Industrial Contract Logistics in Germany. The deal was conditional on receiving the necessary approvals from the German and Austrian competition authorities. The acquisition has now been completed and LGI will be consolidated into the Elanders group starting from the end of July.