NYK and the Rolf Group launch joint venture in Russia
Global logistics provider NYK line have launched a new venture in Russia, acquiring a majority share in the ROLF Group.
The ROLF Group, a leading logistics operator in Russia, have sold 51 percent of their business to NYK, maintaining ownership of the remaining 49 percent. The joint venture embraces all of ROLF’s logistics businesses, including a terminal in Lobnya, technical service center Elite-Trans and it’s insurance arm, ROLF insurance. The new venture will also see rented terminals retained, as they have become very important assets for CBU services.
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The current managers of ROLF SCS will lead the new joint venture divisions, working in co-operation with NYK representatives. The new project will retain Alexander Larin, who is now CEO of ROLF’s logistics business as the new CEO and the ROLF SCS brand will remain as it is well known as a ‘reliable partner and brand expert’.
An online statement released on behalf of both companies said: ‘The launch of the joint venture will allow the ROLF Group to provide its existing customers and new clients with a wider variety of services and also implement NYK’s best practices into its business processes. NYK also has at its disposal a huge network of assets that allows it to maintain logistics operations throughout Europe and around the world.’
According to NYK managing corporate officer Shunichi Kusunose, “The key priority of the joint venture will be maintaining the high level of performance and customer service offered by ROLF SCS team and developing all the existing directions of the business according to Russian market specifics and best global practices.”