Suttons Group to acquire the overseas activities of VTG Tanktainer.

Suttons Group, a global logistics company, agreed to acquire the overseas activities of VTG Tanktainer, a transportation company. Financial terms were not disclosed. "In selling its overseas activities, VTG Aktiengesellschaft is strategically realigning its VTG Tanktainer business unit. In the future, VTG Tanktainer will focus on the global leasing of tank containers, flanked by integrated logistical services. “This sale refocuses and aligns our asset business with the strategy of the whole VTG Group. It also ensures the operating business meets our long-term profitability expectations both during and beyond the coronavirus crisis," Oksana Janssen, VTG COO of Eurasia & Far East.