Hyundai Glovis Acquires Polish Logistics Company
kpopluv, Nov. 20, 2014, 9:19 a.m.
Hyundai Glovis, an affiliate of Hyundai Motor, took over Polish logistics company Adampol SA, the company said on Wendesday. Adampol, which transports about 400,000 cars a year of major global automakers such as BMW, GM, Toyota and Volkswagen across Europe, posted sales of 100 million euros last year. Hyundai Glovis said that it plans to build new logistics warehouses in Belgium, Britain and the Czech Republic with the aim to double business volume.