Russian project forwarder announces merger

first_imgThe two companies are in advanced negotiations and anticipate that the final agreements will be concluded by the end of the month. Consolidated annual revenues of the new business structure will be at least US$300m and the company says it will employ more than 1,500 people. STS focuses on international multimodal freight forwarding and customs brokerage services, typically for clients in the oil and gas, construction and automotive sectors, whilst RLS specialises in pan-Russian logistics for FMCG clients.last_img

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