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NAXCO acquires OTEC in Prague

We are very glad to announce that we made the acquisition of OTEC in Prague.

9 November 2022

OTEC staffed with 60 persons is operating in road freight forwarding to and from all major European countries and is a significant player in logistics with its own warehouse of 10 000 m². Sea and air freight forwarding is also part of its business and will be developed with the group support.

In line with NAXCO Group strategy started last year to become a player in the international road freight forwarding and logistics, this acquisition allows us to expand our presence in Central Europe after the incorporation a few months ago of NAXCO Poland. The target is to offer our customers a wider range of services in different European countries where we are now located.

Robert Nechyba will remain the Managing Director of the company and we wish him and his team welcome at NAXCO and good luck with us.

We have a lot of synergies to implement with OTEC to increase our business in Czech Republic, adding value to NAXCO Group which will reach this year around 200 M€ turnover with 400 persons in 9 countries.

> OTEC Czech Republic