CEE Attorneys – Boanta, Gidei & Asociatii has advised the Keswick Enterprises Group -- a provider of logistics services across the UK and Central and Eastern Europe – on the sale of its Romanian logistics subsidiary, Tibbett Logistics, to Japan's Yusen Logistics supply chain logistics company, which has operations in Europe, the Americas, and Asia. McGregors reportedly advised the buyers on the transaction, which remains conditional on the approval of the Romanian Competition Council. It is expected to be finalized by the end of this year.
According to CEE Attorneys, "Tibbett Logistics is the Romanian market leader in contract logistics, warehousing, transport, and intermodal operations. It now employs 1300 people across 15 locations in Romania – including its intermodal terminal in Bucharest. Further to the completion of the transaction, Tibbett Logistics will have access to the resources and strategy required to reinforce and sustain the continued growth of the business, as well as increased ability to offer pan-European logistics services."
The CEE Attorneys team was coordinated by Partner Sergiu Gidei and included Partner Nicolae Ursu, Managing Associate Krisztina Voicu, and Associate Elena Sopotean.