Turkish logistic company Netlog plans to make new investments abroad in 2019

It is reported that Turkey’s NETLOG, a giant company in logistics sector has been conducting purchasing negotiations with 3 companies in Europe, the US and the Balkans in line with their global growth strategies. The company targets to reach a turnover of US$ 2 billion in the short and medium terms.

Thanks to its investments in recent years, NETLOG has managed to become one of the major logistics companies in its region and has expanded its target. The management plans to to grow through acquisitions abroad as well as its ongoing investments in Turkey. In this context 2019 is expected to become of historical importance for Netlog as the company is currently negotiating to buy one of the largest logistics companies in the Balkans. In addition, contacts with companies in Europe and the US, which are known as the heart of logistics in the world are in question. The group targets to strengthen its presence in the world with the right companies.

The group started purchasing companies abroad in 2014 with TNT Fashion of the Netherlands and Belspeed of Belgium and joined these two companies under the roof of Bleckmann brand, which was established in 1862. Today NETLOG is the main shareholder of this company.

It is also reported that NETLOG group left behind quite a successful year in 2019, with highest turnover and export performance in the history of the group reaching a turnover volume of TL 4 billion with exports of TL 460 million.

The group which started with 13 trucks, 13 drivers and 8 employees in 2004, employs over 10 thousand employees today. The group targets to reach a turnover volume of between US$ 2 and 3 billion with an employee number of 25 thousand, in the medium term.