Greece´s Neptune Lines led-by Melina Travlos, offering transportation and shipping solutions to manufacturers and shippers of cars and high & heavy cargoes, has announced that its newly established Neptune Land Services (NLS) bought a majority stake in Ferst Logistics, an expert of automotive logistics.
The business NLS led-by Craig Jasienski, as the chief executive, was established in January 2023, in the framework of Neptune Group’s expansion into the field of land logistics services.
Ferst Logistics, with a history of 30 years in the automotive logistics sector in Greece, is a company with facilities covering 400,000 square meters, a fleet of 30 trucks, and a workforce of 180 people.
Neptune Lines notes that Ferst Logistics will retain its management team and the company’s valuable know-how in the fields of distribution, storage, and technical centers (PDI).
At the same time, “a robust integrated system for providing maritime and land automotive logistics services is created,” as the company explains.
The agreement to buy a majority stake in Ferst Logistics is a strategic move as it strengthens NLS’s position in the finished vehicle supply chain.
Craig Jasienski, chief executive of NLS, said: “We are excited to have completed the acquisition of FERST Logistics. It is a strategic collaboration that enables us to leverage Ferst’s expertise in onshore logistics and combine it with our strong/robust maritime distribution network. Together, we will provide comprehensive and competitively attractive logistics services to our customers.”
Dimitris Kybizis, chief executive of Ferst Logistics, stated: “We are entering a new and exciting chapter in our company’s long journey. Both Neptune and Ferst share the same social and corporate values. This provides our management team with the incentive to work closely with NLS’s experienced professionals to consolidate and further enhance the services we provide to our clients.”
Melina Travlos, president of Neptune Group made the following statement: “The acquisition agreement of a majority stake in Ferst by Neptune Land Services represents a significant stride in the realm of our business transformation, focusing to our investments on land.”
“Guided by the substantial and mutual relationship of trust we have built over these years, both with our team members and collaborators, we expedite the sustainable growth of the Neptune Group, always keeping our clients at the forefront. Our Group actively reinforces its vision for continuous and consistent development, puts into practice our corporate philosophy “Wake Forward” and invests in our home country.”
