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Best Transport enters agreement to acquire Ringstad Transport AS – strengthens presence in Norway
Best Transport’s expands in Norway, announcing the agreement to acquire Norwegian transport and logistics company Ringstad Transport AS. With the complementary acquisition, Best Transport increases its geographical coverage and expands its service offering in Norway.
Ringstad was founded in 1990 and is headquartered in Moss. The company offers diverse services within transport and logistics including transports of smaller packages, piece goods, bulk goods, dangerous goods, and related warehousing in its own storage terminal with capacity of 1,200 pallet spaces. The Ringstad fleet consist of more than 70 vehicles and its operation covers all of Norway, with a stronger presence in key locations.
Mats Steen, CEO of Best, says: “Norway has been a priority of Best Transport for many years, and we are very happy to welcome Ringstad Transport AS to the Best group. Ringstad holds a strong client list, a highly competent and skilled staff and great services that fit well with Best Transport’s service portfolio. We firmly believe that with Ringstad we will have the right platform for further growth on the Norwegian market. Together, we look forward to delivering enhanced value and exceptional service to both new and existing clients across expanded geographies.
In addition to strengthening Best Transport’s presence in Norway, Ringstad’s portfolio and expertise will expand Best Transport’s service offerings, providing clients with a more comprehensive suite of solutions tailored to meet their evolving needs.
Terje Ringstad, owner and CEO of Ringstad, shares his perspective: “Our success has been built on our good reputation and our role as a trusted partner to our clients. We believe that our customers, engaged employees, and partners are key to our achievements. With Best Transport, we have found a perfect partner that shares our values and business approach. Additionally, Best Transport’s Nordic presence, size, and range of services will enable us to expand our reach and serve our Norwegian customers even better.”
The completion of the acquisition is subject to customary regulatory approvals.
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About Best
Best Transport is a leading Nordic transport company offering express and distribution services, specializing in E-commerce, Service logistics and Healthcare-logistics, with a yearly revenue of approximately 1 billion SEK. Today, Best Transport operates over 700 vehicles that perform tens of thousands of deliveries every day. We do this by focusing on our clients, operating in a fair way, driving the tech development for improved services and efficiency, and by driving the sustainability agenda aiming at becoming a zero-emission company. For further information, visit www.besttransport.no and Best Transport Group LinkedIn
About Ringstad
Ringstad, founded in 1990, is an independent transporter, distributor and logistics company focusing on clients in a variety of sectors. Ringstad offers diverse services within transportation and logistics encompassing transportation of smaller packages, piece goods, bulk goods and dangerous goods and warehousing in its own storage terminal with up to 1,200 pallet spaces and generates yearly revenue of 150 mNOK.
