SWEDEN - Accent Equity acquires stake in Jetpak

Tine
06 March 2006

Tweet
Facebook
LinkedIn
Google plus
Send to

Accent Equity has announced the acquisition of one-third of the shares in Swedish logistics company Jetpak. The formerly SAS-owned company was acquired at the end of 2005 by Danish Polaris Private Equity.

Jetpak is a logistics company in the express freight segment offering door-to-door deliveries in the Nordic region. Polaris, Accent and the company’s management share the ambition of creating growth and a much stronger position for Jetpak in the entire Nordic region. Growth is expected to take place both organically and by acquisition.

'The combination of a strong network of capillary distribution in all Nordic countries plus integrated solutions for air freight is a growing market that we would like to take part in developing together with Polaris and the company’s management,' comments Jan Ohlsson, CEO of Accent.

Jetpak reported revenues of about SEK 485m in 2005 and is a leading player in the sector of integrated express deliveries in Sweden and Norway. The company was founded in 1979 within the domestic airline Linjeflyg and was owned by the SAS Group until the end of last year. Jetpak has 180 employees, but via cooperation with agents and franchisees nearly 1,500 people are involved in the company’s network.