21 Concordia, a private equity fund from 21 Partners group, acquired a 40% stake in the leading Polish freight forwarding and logistics operator – VGL Group Sp. z o.o. VGL Group operates in several segments of the transport & logistics service market and employs about 450 people. The Company forwards about 55,000 TEU and processes over 90,000 FTL orders per year. It also conducts logistic operations on 12,000 sqm of rented warehouse storage area. The Group focuses also on retail and consumer products segments, providing complex supply management services to its key clients. VGL’s diversified customer base includes over 4,500 clients. The Group operates through 17 locations in 14 cities located across Poland with the headquarters in Gdynia, and has 3 offices in China (Hong-Kong, Ningbo, Shanghai). Sebastian Sołtys (CEO) together with Supervisory Board Members and VGL’s long-time founders – Grzegorz Dobkowski and Marcin Gruchała, together with 21 Concordia team will implement a joint strategy supporting dynamic development of the Company through:- strengthening current operations through technology enhancement and effective cross-selling of VGL logistic services,- international expansion,- market consolidation,- further development of added value services (i.e. container trucking segment).Dariusz Górka, the Managing Partner of 21 Concordia commented: "VGL is an excellent investment opportunity with high growth track record and perspectives backed by an increasing tendency of enterprises to outsource logistic operations to professional service providers offering fully integrated solutions. We look forward to working with VGL’s highly skilled management team to write a new chapter in the company’s development ""We have chosen 21 Concordia as our financial investor because of common vision of growth, experience in market consolidation and the entrepreneurial approach of the Fund. We are convinced, that 21 Concordia will support us in growing our business in Poland and entering new market segments and geographies." ─ said Grzegorz Dobkowski, co-founder, current shareholder and a Member of the Supervisory Board of VGL Group.Sebastian Sołtys, President of the Management Board of VGL Group added: "Partnership with 21 Concordia represents a new phase in our growth story. We believe, that with the professional support of the Fund, we will be able to accelerate the Company’s growth and benefit from dynamic development of logistics market."
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