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            may 23, 2019

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GLOBALTRUCK acquires 300 new Mercedes trucks


Public  Joint  Stock  Company  “GLOBALTRUCK  MANAGEMENT”, one of the largest FTL-trucking companies in Russia and the leader in the Ural and Siberian markets, announced the acquisition of 300 new trucks from a new vendor to diversify it’s fleet.
Globaltruck signed an agreement for the acquisition of 300 new Mercedes Actros-3 1844 LS trucks with a 440 hp engine and with the largest possible Megaspace cabin, in line with the Groups’ fleet expansion plan announced during the IPO in October 2017.
Under the terms of the agreement, the trucks will be supplied mounthly from September to November 2018 in equal batches. New trucks will be utilized towards the renovation and expansion of the fleet.
Acquisition of trucks is financed by own and borrowed funds. Globaltruck plans to raise funding in rubles in several tranches for each supply of vechicles.
Alexander Eliseev, the Group’s co-founder and CEO, said:
“The purchase of 300 Mercedes trucks, which could make up to 20% share of the Globaltruck’s fleet by the end of 2018, diversifies our vendor base and gives the company greater flexibility in the choice of terms of delivery, financing, supply of spare parts and maintenance. Fleet renovation will increase Globaltrucks’ operational effiency due to decommissioning of 2012-2013 built vehicles, increased utilization and lower maintenance costs of new trucks. The expansion of the fleet will increase Group’s freight volumes and market share in Russia. New trucks will be utilized to service growing volumes from existing customer, as well as for new routes and clients".
In 2017, Globaltruck purchased 265 Volvo FH trucks, of which 237 were intended for renovation and 28 for extension of the company’s fleet. In December 2017, Globaltruck purchased additional 413 Volvo FH, which will be fully supplied by July 2018. As at the end of 2017, Globaltruck fleet comprised 1,167 trucks.

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