Nurminen Logistics Oyj

Nurminen Logistics Plc released a stock exchange notification on December 18, 2024. Juha Nurminen, a board member, reported an acquisition of shares on December 16, 2024, at NASDAQ Helsinki. The transaction involved 314,202 shares at a unit price of 0.9548 EUR. Nurminen Logistics, a Finnish company founded in 1886, provides rail transport, terminal, and multimodal solutions between Asia and Europe, as well as in the Nordic and Baltic regions. For further details, contact Olli Pohjanvirta, President and CEO.

Nurminen Logistics Plc has completed the acquisition of Essinge Rail Ab after receiving necessary regulatory approvals and fulfilling all closing conditions. The company's Board of Directors, authorized by the Annual General Meeting, has issued 2,339,756 new shares to the sellers of Essinge Rail Ab as part of the payment. The subscription price was based on the 30-day average share price prior to the acquisition. This share issue increases the total number of shares to 80,552,920. The new shares are expected to be registered with the Finnish Trade Register by December 30, 2024, after which they will be applied for trading on Nasdaq Helsinki. Nurminen Logistics, established in 1886, provides rail transport and multimodal solutions between Asia and Europe, and in the Nordic and Baltic regions.

Nurminen Logistics Plc announced that its Cargo and Multimodal Forwarding businesses will be integrated into the railway business, ending their independent reporting. The company aims to enhance operational efficiency and develop more comprehensive service offerings. As part of this restructuring, Joonas Louho, VP of Cargo Operations & Development, will leave the company. CEO Olli Pohjanvirta expressed gratitude for Louho's contributions and wished him well in his future endeavors. Further details can be obtained from Olli Pohjanvirta, CEO of Nurminen Logistics Plc.

Nurminen Logistics Plc has announced the acquisition of the entire share capital of Swedish logistics company Essinge Rail AB. This move is part of Nurminen's strategy to expand its railway operations between the Nordic countries and Continental Europe, targeting industrial, technology, and commercial sectors. Essinge Rail AB specializes in international rail logistics, handling approximately 4,500 freight wagons annually and operates a railway terminal in Fröv, Sweden. The acquisition, valued at 150 MSEK, will be paid partly in cash and partly in Nurminen Logistics shares, with the closing expected in December 2024, pending regulatory approval. Essinge Rail AB will continue operating under its current name, and the acquisition will not affect its employees. Nurminen's CEO, Olli Pohjanvirta, highlighted that the acquisition strengthens their railway business and aligns with their growth strategy, enhancing their service offerings and competitive position in Northern Europe. The acquisition aims to increase Nurminen's market share and customer base while reducing its reliance on Finland's foreign trade.