Dachser acquires majority interest in Oy Waco Logistics Finland

In 2012, 54 employees generated almost £15 million for the company

Dachser has increased its stake in Oy Waco Logistics Finland. The air and sea freight logistics company headquartered in Vantaa, southern Finland, not far from the capital Helsinki, has additional sites in the commercial centers Lahti, Oulo, Tampere, and Vaasa and therefore completely covers the “land of a thousand lakes.” In 2012, 54 employees generated almost £15 million in revenue for the company.

Waco Finland was founded in 1996 by leading members of WACO (World Air Cargo Organisation) and three Finnish shareholders. After the acquisition the only other remaining shareholder besides Dachser is the Japanese logistics company Nishitetsu Railroad (NNR). Dachser Air & Sea Logistics has collaborated with NNR for decades and operates two further joint ventures in Europe, in Germany and Hungary.

“Finland is an attractive market for air and sea freight. That’s why we are making a point of increasing our involvement there,” notes Thomas Reuter, managing director of Dachser Air & Sea Logistics. “We place great emphasis on stability and continuity for customers and employees, and so Waco Finland will continue to be a member of the World Air Cargo Organisation. In addition, the company will also work more closely with the Dachser network in the future, with the result that we will also be able to offer customers in Finland our entire air and sea freight service portfolio with the usual Dachser service and quality standards.