NYK and Rolf Group to launch a joint venture in Russia

Nippon Yusen Kabushiki Kaisha to acquire 51 percent of Rolf’s logistics business, Rolf SCS
 
NYK (Nippon Yusen Kabushiki Kaisha), a leader in the global logistics market, and the Rolf Group, a leading logistics operator based in Russia, have agreed to terms on the launch of a joint venture. This will result in NYK owning 51 percent of Rolfs’s logistics business, Rolf SCS, with Rolf maintaining ownership of 49 percent of the shares.
 
The joint venture will embrace all parts of Rolf’s logistics business including Rolf SCS‘ terminal in Lobnya, the customs terminal and technical service center Elite-Trans, CBU operation in the port of Zarubino, and the insurance agent Rolf Insurance. The joint venture will also use for its operations the rented terminal in Naberezhnye Chelny and the rented terminal Petrolesport, which has become a very important asset for CBU services.
 
Rolf SCS‘ current managers will lead the new joint venture divisions and work in cooperation with NYK representatives. Alexander Larin, who is now CEO of Rolfs’s logistics business, will be CEO of the new joint company. Both partners also agreed to maintain the Rolf SCS brand.
 
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 found Rolf to be an excellent partner with impressive assets and a unique experience in the Russian logistics market, a global thinker accustomed to meeting the needs of its customers through a wide range of services.
 
NYK (Nippon Yusen Kabushiki Kaisha) is one of the world’s leading transportation companies. At the end of March 2012, they employ about 55,000 people worldwide. Rolf SCS is a leading logistics operator in Russia providing its clients with a wide variety of services such as vehicle transportation, storage, handling & warehousing, port & customs services, technical services, and insurance. The company was founded in 2001, and actually has a fleet of 280 owned and 300 third-party trucks.