The Chinese shipping group COSCO Shipping Holdings enters the warehouse logistics sector in Italy, having acquired the Trasgo Srl together with the historic Italian partner Fratelli Cosulich. The entire share capital of the logistics company of San Pietro Mosezzo (Novara) was in fact bought by COSCOS, the joint venture between COSCO Shipping and Cosulich Brothers. Trasgo offers a wide range of services including transport, warehousing, customs operations, goods handling, trade fair logistics and Direct management of warehouses at customer facilities. Founded in 1981, it has dedicated itself to promoting Independent transport. In the course of its evolution, Trasgo has expanded its reach, establishing new offices and innovating the portfolio of services in line with industry developments, currently counting on 14 warehouse facilities with a capacity of of almost 300,000 square meters located in northern Italy and Sardinia and over 320 units including trucks and vehicles handling.

Commenting on the acquisition, the Chairman of the Fratelli Group Cosulich, Augusto Cosulich, highlighted how the operation "that it is possible to grow together with partners but - he pointed out - entrepreneurs must be willing to invest their own resources. COSCOS - recalled Cosulich - is the result of our long relationship with One of our closest business partners for over 30 years years. Trasgo offers a robust response to changing needs logistics of our present and future client companies. And Innovation means providing our customers with real-world solutions to new problems'.

"Our primary goal - said Anna Idra Russo, managing director of Trasgo - has always been the growth of the company, a growth that is careful not to distort the principles and values that have always guided our work in the employees, customers and suppliers. Trasgo is developed a lot, especially in the last fifteen years, one of the development that, in an increasingly international scenario, It needs new life today. We have made this decision, carefully evaluated and thought-out, because we are convinced that COSCOS, driven by the same principles and values, will be the the right partner to allow Trasgo and his whole "family" the well-deserved further development."

The joint venture COSCOS Srl was founded in Genoa on 1 January 1996 between the Fratelli Cosulich group and Cosco Europe Gmbh. COSCOS' core business is to act as a general agent in Italy for all conventional tons of COSCO and transport by road and rail.