COSCOS, the joint venture between COSCO Shipping Europe and Fratelli Cosulich, has acquired the entire capital of logistics player Trasgo.

Established in 1981 in Novara, Trasgo with 14 Warehouse facilities with almost 300.000 sqm of capabilities and over 320 between trucks and handling units, offers transport, warehousing, customs operations, cargo handling, trade fair logistics, and direct warehouse management at customer facilities.

Within the logistics domain, it provides a full suite of solutions across multiple sectors, including industrial, promotional, technology, and e-commerce logistics.

Its transport services span national and international routes, with air, sea, and land transport options.

Fratelli Cosulich, which operates in the field of shipping, shipments and logistics, said “this acquisition represents a pivotal step, expanding coverage and diversifying operations, but also it stands as the tangible representation that joining forces and creating synergies, across countries and international players, will lead to unsurpassable added-value effects to all stakeholders involved.”

Augusto Cosulich, chairman of Fratelli Cosulich group, said: “What really matters to me is showing that, just like in life, finding the right partners to create the conditions for joint investment is crucial. It’s time to underline that it is possible to grow together with established partners, but entrepreneurs need to be open to invest their resources.

“COSCOS is the result of our long-standing relationship with one of our closest business partners for more than 30 years. Trasgo provides a robust response to the changing logistical needs, and innovation is enabling us to provide our customers with real solutions.”

Anna Ida Russo, managing director of Trasgo, noted: “Trasgo has developed a lot, especially in the last fifteen years, a development which, in an increasingly international panorama, today requires new lymph.

“We have made this decision, carefully evaluated and considered, because we are convinced that Coscos group, driven by the same principles and values, will be the right partner to allow Trasgo and its entire “family” the deserved further development.”

COSCOS Srl, was the first joint venture established in Genoa, on January 1st 1996, between Fratelli Cosulich Group and Cosco Europe Gmbh.

COSCOS’ core business is acting as Italy’s General Agent for all COSCO conventional tonnage and transportation by road and by rail.