Nor Lines reinforces its position in coastal logistics by acquiring Kyst 1 in Bergen. Nor Lines buys 100% of the shares in the company, which will change its name to Nor Lines Bergen AS.
The Samskip-owned Norwegian domestic transport & distribution company, Nor Lines, is reinforcing its presence along the Norwegian west coast by acquiring 100% of the shares in the terminal, transport & distribution company Kyst 1 AS in Bergen.
Read the article in Norwegian here: Nor Lines styrker sin satsing på Vestlandet
Are Gråthen, Regional Director – Norway in Samskip, says that the investment in Kyst1 by Nor Lines strengthens the commitment to the Bergen and Norway west coast market and will accelerate Nor Lines and the Groups ambitions towards even more sustainable domestic transport and distribution going forward.
Our ambition is to be a leader in coastal logistics through a strong presence with terminals and agents. In addition, we are responsible for all freight on Hurtigruten and Havila and the parent company’s ships.
Oddgeir Hepsø, CEO of Nor Lines
Kyst 1 is a former agent for Nor Lines in Bergen. The acquisition fully integrates the company into Nor Lines, and it will eventually change its name to Nor Lines Bergen AS.
With its coastal investment, we are pleased that Nor Lines can integrate our services and workplaces into its network. Merging our two companies is a win-win for our customers, businesses along the coast, and employees.
Jan Johansen, CEO of Fjord 1
We need close cooperation with stakeholders along the coast. Customers need a local presence; therefore, purchasing Kyst 1 is vital to us, concludes Oddgeir Hepsø.