On 1 Feb 2020, STL Group AB acquires 20% of the shares in Global Mobility Moving AB (G-Moving) through its subsidiary STL Holding (STL). STL Holding, a part of the STL Group, primarily has a strategy to invest in – and support companies mainly targeting transportation, logistics and trading. G-Moving is Sweden’s leading relocation service company with key focus on national and international assignments with associated services and warehousing.
Since the International Removal business area was acquired by G-Moving on June 1, 2018 from Global Freight Solutions, which is owned by STL Group, it has been clear that the companies’ combined skills, production capacity and customer base could be even stronger if business operations are tied closer together.
Now the group is able to form a large international grouping that is a market leader in many business areas such as domestic and international move coordination, shipping, warehousing, transportation and logistics. This results in a capacity to match even the industry’s most successful companies internationally.
“We see no reason to change what G-Moving does and what they are creating today, it will be ‘business as usual’ even after our entry into the company” says STL Group Chairman Anders Cervin. “G-Moving is expected from our side to continue the success story it has enjoyed so far both in Sweden and beyond. Together, they develop and refine the services, both on the administrative and production engineering side that are on offer to customers, and strengthen and develop G-Moving’s geographical vicinity throughout Sweden.”
For G-Moving, the choice was easy when STL wanted to acquire a part of the business. The Company’s CEO Per Hansson expresses it as; “Now we can seriously compete on the international market and can strengthen our offer in the domestic market. This gives us a totally different opportunity to give our customers world-class service, creating a long-term and sustainable competitive alliance. Over the years, G-Moving has worked with many large, international and domestic clients and is currently the primary supplier for a number of multinational corporations as well as several embassies. G-Moving is market leader in the public market in Sweden regarding the delivery of move coordination service with customers such as the Kronofogdemyndigheten [Swedish Enforcement Authority], the Swedish Armed Forces and Region Stockholm.”
Both parties are convinced that the above is met through the above-mentioned acquisition of G-Moving by STL Group.
For further information, please contact:
Chairman of the board – STL Group
+46 70 18 60 202
CEO – G-Moving AB
+46 73 43 11 000