NTG Nordic Transport Group A/S (CPSE:NTG) signed an agreement to acquire 75% stake in RTC Transport A/S from Peter Andersen Røddik and Peter Bardrum on December 15, 2023. After closing of the transaction, RTC will continue as a stand-alone subsidiary of NTG, working alongside NTG?s furniture specialist subsidiaries in Denmark, Sweden, and Finland, known as LGT Logistics, to promote the end-to-end furniture logistics offering. Peter Andersen Røddik and Peter Bardrum, co-founders and sellers of the 75% stake in RTC, will continue in their current positions as CEO and COO, respectively, each retaining a 12.5% shareholding in accordance with NTG?s ring-the-bell partnership model. In addition to retained ownership, the two co-founders will as part of the transaction enter into an earn-out agreement based on the financial performance in 2024. Closing of the transaction is subject to approval by the Danish competition authorities.

NTG Nordic Transport Group A/S (CPSE:NTG) completed the acquisition of 75% stake in RTC Transport A/S from Peter Andersen Røddik and Peter Bardrum on February 14, 2024.