Ekol Logistics enters Romanian market with EUR 10 million investment plans for the next five years

Newsroom 31/10/2011 | 12:02

Turkish integrated logistics services provider Ekol has entered the Romanian market by acquiring local company Omega Ro as part of the company’s European expansion. Omega Ro had a EUR 2 million turnover last year, and Ekol hopes to grow the new company’s turnover by 70 percent in the next two years. Ekol also plans to invest EUR 10 million over the next five years in Romania.

“By entering the Romanian market Ekol has introduced an intermodal transport route by railroad (Mannheim-Arad) and by road (Arad-Istanbul). The route is operational starting this month. Ekol will implement expand the transport corridor to operate the Arad-Istanboul route through Constanta. We will invest in consolidating this route, which allows the company to develop its services with a ‘green’ component,” said Okyay Oztugran (pictured), the responsible for the development of the company’s business in Romania.

Ekol owns in Romania a 6,000 sqm warehouse, and offers warehousing, collecting, packaging and complete distribution services. In Turkey the company owns over 400,000 sqm of warehousing space and a fleet of over 1,900 cars. Last year the company posted a global turnover of EUR 160 million.