Gefco, part of PSA Peugeot Citroën, is buying a 70 per cent stake on Gruppo Mercurio, the Italian vehicle transport and distribution company.
Mercurio is particularly strong in the markets of India, South-East Asia and Central Europe. The company generated revenues of €127 million in 2010.
Gefco wants to accelerate the development of its inbound and outbound automotive logistics offer as well as widening its client portfolio and extending its international footprint.
