DSV Solutions LLC is affiliated to the STS Logistics Group of companies

Moscow, July 26, 2022

DSV Solutions LLC, formerly part of the global network of the Danish logistics provider DSV Holding, continues its work in Russia under the STS Logistics brand, the press service of STS Logistics reported. "The exit of DSV Solutions LLC from the international DSV Holding group was carried out by the acquisition of DSV Solutions LLC by the shareholders of STS Logistics group and joining the group of companies," the message says.

Kirill Vlasov has been appointed the new CEO of the company.

"In the near future, the company will be renamed into LLC "STS Logistics Solutions". The legal entity LLC "STS Logistics Solutions" continues its work and fulfills all obligations to its customers, employees and contractors. All existing warehouse sites continue their work in the same mode. All the terms of the existing agreements remain in force until the end of the terms of the existing contracts or the parties agree on new terms," the new CEO of the company said.

LLC "STS Logistics Solutions" currently operates two large warehouse platforms in Vnukovo and in Istra, Moscow region, which are equipped with modern equipment and serve more than 15 customers from various industries. In addition, the company carries out warehouse operations at the warehouse of the company "Nokian Tyres" in Vsevolozhsk, Leningrad region. The total area of warehouses managed by the company is more than 130,000 sq.m. The company also provides its customers with transportation services by various modes of transport.

"Almost 20 years of DSV's work in Russia have allowed us to gather valuable resources – a professional team of employees, a broad customer base and successful operational processes. This resource, multiplied by the 26-year experience of the STS Logistics group in Russia and CIS countries and extensive professional contacts around the world, is a new step in the development of the STS Logistics group in a difficult economic situation," Kirill Vlasov said through the press service.

The company did not name the amount of the transaction.

The Danish company DSV Holding AS, one of the world's largest logistics service providers, was founded in 1976. DSV Solutions LLC has been operating in Russia since 2004. The company has 250 employees in Russia.

STS Logistics Group is a leading logistics operator, 3PL service provider in Russia, has been operating since 1996. The group has more than 600 employees, 15 regional offices in Russia, companies in Holland and Turkey. The company provides all types of cargo transportation, warehouse services and is a customs representative. The leading direction of the transport business is the transportation of goods by multimodal transport from China, India, Turkey and Iran.

Contact details of STS Logistics:

Moscow, 13/62 Ball Bearing Street
+7 (495) 775 0202

Company representative Natalia Biryukova