Hellmann Worldwide Logistics has acquired the remaining minority shares of its partner companies in the Baltic States of Estonia, Latvia and Lithuania.

In a statement, the Germany-based full-service provider said with the complete takeover of the three companies, Hellmann completes another important step in its growth strategy and strengthens its position in the Baltic market.

At the same time, the acquisition complements the logistics provider's network in Northern and Eastern Europe.

Hellmann said it has been present in the Baltic market with three companies since their establishment in 2007 and 2008.

As part of the acquisition, Hellmann is now taking over all shares from the current managing partners, who will continue to run the national companies and thus not only ensure the seamless continuation of business activities but also contribute their local expertise to the successful further development of the organisation.

Hellmann said the full integration into the existing global Hellmann network will significantly expand the product portfolio, which in the Baltic region has so far focused primarily on road transport of full and part loads and is expected to be extended to other segments in the future.

"The Northern and Eastern European market plays an increasingly important role in Hellmann's strategy. The previous acquisitions in Europe combined with the acquisitions in the Baltic States allow us to expand our strategic network and to develop faster and more efficient solutions for our customers," said Piotr Zaleski, regional CEO of East Europe, Hellmann Worldwide Logistics.