Food logistics, Dachser acquires Swedish company Frigoscandia
The acquisition, subject to approval by the European competition authorities, is expected to strengthen its food logistics network in Europe. Upon completion of the transaction, Frigoscandia will be fully integrated into the Dachser Food Logistics Network.
Dachser has acquired the leading full-service provider in temperature-controlled and frozen food logistics in the Nordic region, Frigoscandia AB, headquartered in Helsingborg, Sweden. The acquisition, subject to approval by the European competition authorities, is expected to strengthen its food logistics network in Europe. Upon completion of the transaction, Frigoscandia will be fully integrated into the Dachser Food Logistics Network.
How Frigoscandia will be part of the Dachser food logistics network
Frigoscandia’s workforce of 1,300 employees is primarily located in its core market, Sweden, as well as in Denmark, Norway, Finland, and the Netherlands, and will generate revenue of EUR 300 million in 2023. Founded in 1948, the company is now the leading full-service provider in both temperature-controlled and frozen food logistics in the Nordic region.
Frigoscandia’s inclusion as a partner in the European Food Network in 2019 underscores the company’s quality role in food logistics in the strategically important Northern European markets. In the course of this partnership, both companies built up a reliable collaboration that reflects their strong cultural fit.
Statements and future management strategies
“We are very proud to acquire Frigoscandia and take our long-standing strategic partnership to the next level. In doing so, we are not only broadening our own Dachser Food Logistics to the Nordic markets, but also reinforcing our position as one of the leading European providers in food logistics,” said Burkhard Eling, CEO of Dachser. “Our focus remains on growing organically and sustainably. In addition, this year we’ve strengthened our presence in key markets such as Benelux, Oceania, South Africa, Italy, and now the Nordics through targeted acquisitions.”
Frigoscandia’s current CEO, Peter Haveneth, will continue to lead the company together with his management team. “We already have an established successful collaboration with Dachser, as part of the European Food Network, serving 34 countries. This change of ownership is a natural step, and it’s in line with our business plan to further strengthen our network and position ourselves for the future”, he declared.
