Gebrüder Weiss jumps over the Black Sea
New joint venture for transport and logistics services of Gebrüder Weiss and Tegeta Motors Ltd. in Georgia
The network of Gebrüder Weiss now includes also the Caucasian region. The international transport and logistics company announced in a press release the formation of a joint venture with Tegeta Motors Ltd. in Tbilisi. Both enterprises signed the relevant agreement a few days ago. Both parties agreed to keep the investment amount confidential.
The joint enterprise, with Gebrüder Weiss as the major shareholder, is named “Gebrüder Weiss-Tegeta“ and carries out land transportations, air and sea freight transport as well as logistics solutions. The construction of a 10,000 m² logistics facility in Tbilisi is scheduled for early 2013. During the initial stage managing director Aleksandre Kharlamov heads a team of 23 employees.
“Through the market entry in Georgia Gebrüder Weiss establishes a strategic platform in Caucasus – a region, which will develop into a hub linking the booming markets in Eastern Asia and Europe in the near future“, comments GW CEO Wolfram Senger-Weiss. Tegeta Motors is a strong partner providing local expertise to Gebrüder Weiss.
Established in 1995, Tegeta Motors Ltd. based in Georgia’s capital Tbilisi, operates 14 locations in the domestic market and entertains business relations with the neighbouring countries Armenia and Azerbaijan. The provider of spare parts and service works for cars and trucks is also acting as general importer for many international brands of the automotive industry. Establishing the subsidiary Tegeta Logistics in 2009 they entered the logistics growth market.
Quelle: LogEastics
Portal: www.logistik-express.com