South Korean 3PL Taewoong Logistics plans to enter Europe’s haulage market with the acquisition of Croatian trucking firm LA Trans.
Last week, Taewoong signed a memorandum of understanding with LA Trans, intending to finalise the takeover in Q3.
Established by Alan Lincic in 1993, family-owned LA Trans has been hauling containers from Croatia’s Rijeka and Slovenia’s Koper ports since 2003, counting Maersk among its largest customers.
Taewoong CEO Han Jae-dong said: “Rijeka is …
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