TRASGO: announcing the acquisition of a strategic integration
Fratelli Cosulich Group proudly announces the success of a significant financial investment in the logistics sector.
With its strategic partner, through COSCOS, they have joined forces for an important investment leading to the acquisition of TRASGO, a pivotal player in the logistics sector.
TRASGO stands as a leading global player in integrated logistics, offering a wide range of services, including transport, warehousing, customs operations, cargo handling, trade fair logistics, and direct warehouse management at customer facilities. Established in 1981 in Novara (Italy), it dedicated itself to fostering independent transport activities. Over its evolution, the company has expanded its reach, establishing new offices and innovating its service portfolio in step with industry developments with now 14 Warehouse facilities with almost 300.000 sqm of capabilities and over 320 between trucks and handling units.
Within the logistics domain, TRASGO provides a full suite of solutions across multiple sectors, including industrial, promotional, technology, and e-commerce logistics. Its transport services span national and international routes, with air, sea, and land transport options. Furthermore, anticipated future investments in the logistics sector will drive the need for expanded warehouse capacities; TRASGO, leveraging its warehouses, is able to meet the growth arising from these new business acquisitions.
With an extensive network of relationships, TRASGO is able to meet and enrich intra-European logistics needs, ensuring seamless national and international coverage.This acquisition represents a pivotal step, expanding coverage and diversifying operations. But also, it stands as the tangible representation that joining forces and creating synergies, across countries and international players, will lead to unsurpassable added-value effects to all stakeholders involved.
Statement of Mr Augusto Cosulich, Chairman of Fratelli Cosulich Group: “Today is a significant day for the Fratelli Cosulich Group because we have successfully completed the acquisition of TRASGO. However, what really matters to me is showing that, just like in life, finding the right partners to create the conditions for joint investment is crucial. It’s time to underline that it is possible to grow together with established partners, but entrepreneurs need to be open to invest their resources. COSCOS is the result of our long-standing relationship with one of our closest business partners for more than 30 years. TRASGO provides a robust response to the changing logistical needs, and innovation is enabling us to provide our customers with real solutions.“
Statement of Mrs Anna Ida Russo - Managing Director TRASGO: “Our primary objective has always been the growth of the company, a growth that is careful not to distort the principles and values that have always guided our work towards employees, customers and suppliers. Trasgo has developed a lot, especially in the last fifteen years, a development which, in an increasingly international panorama, today requires new lymph. We have made this decision, carefully evaluated and considered, because we are convinced that Coscos group, driven by the same principles and values, will be the right partner to allow Trasgo and its entire “family” the deserved further development”.
Acknowledgements
A special thank to the PWC Legal and M&A teams in the name of Mr Riccardo Lonardi and Mrs Giulia Picasso for the efforts and professionalism shown during the M&A finalized to the positive outcome. of this operation. Also, a special thanks to the Studio Guglielmoni in the name of the Notary Public, Mr Guglielmoni.
