Logista completed the acquisition of a 60% stake in Transportes El Mosca for $111m..

Logista, a logistics operator, completed the acquisition of a 60% stake in Transportes El Mosca, a company specialised in the transport and warehousing of goods, for $111m. “I am pleased to announce the acquisition of Transportes El Mosca, which marks a transformational step for our transport division. This transaction is consistent with our announced diversification and growth strategy. With Transportes El Mosca we are strengthening Logista's position in temperature-controlled transport in Spain, extending it internationally and complementing our existing capabilities in added-value services to customers. Among the new capabilities we are adding, I would highlight national and international maritime transport. The complementary nature of their operations with those of Logista represents a great growth opportunity and of value creation for our shareholders," Íñigo Meirás, Logista CEO.