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Slovenia Business Week no. 33: Logistics Company Acquires Croatian Facility

Logistics company Viator&Vektor has acquired a logistics hub in the southern Croatian city of Sibenik

Logistics company Viator&Vektor has acquired a logistics hub in the southern Croatian city of Sibenik.

The Ljubljana-based company bought the struggling logistics arm of Tvornica lakih metala for 224,000 euros, pledging to keep on board 58 employees and to invest 2 million euros in the next three years.  

Viator&Vektor, which is pursuing an aggressive expansion plan on markets of the former Yugoslavia, hopes to establish a logistics centre for southern Croatia at the acquired location.

The hub will be made up of storage facilities and a forwarding centre, as well as an extensive parking area for the company's vehicles.

Viator&Vektor has the ambition to become a leading firm offering comprehensive logistics services in SE Europe and the latest acquisition is aimed at bolstering its presence in Croatia, the company said.

The acquisition includes 21,065 sq. metres of real estate, as well as 5,290 sq. metres of vehicle maintenance facilities and 3,238 sq. metres of storage facilities.

Source: Slovene Press Agency STA

Author: STA