The Militzer & Münch Group – a logistics business within the St Gallen, Switzerland-based TransInvest Group – has founded a joint venture (JV) with Serbian logistics company Invictus System Transport & Logistics.
The new enterprise is called M&M Militzer & Münch Transport & Logistics.
“With this joint venture, we add to our network a country that optimally complements our locations in the South East Europe Region,” said Sacho Todorov, regional managing director South East Europe for Militzer & Münch.
“Serbia is a bridge to [the] EU, and is also of major geo-strategic importance in terms of the New Silk Road.
“As many German companies have production plants in Serbia, the joint venture is especially promising for our German country unit,” Todorov observed.
Filip Simovic, the joint venture’s managing director, added: “In the near future, we are going to expand our portfolio, adding airfreight and sea freight, warehousing, intermodal traffics and project transports.
“Our objective is to develop the joint start-up within the next two years to become a leading forwarding company in Serbia. Plans are to strengthen our position in Serbia with further investments.”
Militzer & Münch also has a presence in the Balkans in Greece, Bulgaria and Romania. These Militzer & Münch country units already offer a wide range of logistics services.