News / Keswick sells Tibbett Logistics subsidiary in Romania to Yusen

UK-based Keswick Enterprises is to sell its Tibbett Logistics subsidiary in Romania to Yusen Logistics’ European arm.

Although the deal, for an undisclosed amount, remains subject to Romanian Competition Council approval, it is expected to close before the end of the year.

It will give Yusen access to the fast-growing Romanian market, which has become a favourite site for contract logistics activities to serve wider European markets.

“We are very pleased to reach this milestone agreement that provides us with both critical mass and ...