Wibax to acquire Baltic Tank.

Wibax, which provides logistics services for industrial companies, agreed to acquire Baltic Tank, freight and other transportation services provider. Financial terms were not disclosed. “The acquisition of Baltic Tank is a strategic investment in Wibax’s future growth outside Sweden’s borders. Baltic Tank’s extensive network of terminals along the Finnish and Baltic coasts will contribute to an expansion that will increase the geographical reach of Wibax’s service offering for our current and future customers. Baltic Tank, just like Wibax, is a family owned business with strong values ​​that is in line with our own and we are now looking forward to welcoming them into the Wibax family,” Jonas Wiklund, WIBAX Group CEO.