Militzer & Münch and Invictus found Joint Venture in Serbia
St. Gallen, 1 October 2019. The Militzer & Münch Group has founded a joint venture with Serbian logistics company Invictus System Transport & Logistics D.O.O. With this step, Militzer & Münch is further expanding its network in the Balkans. Both partners are planning to turn the joint venture into a leading forwarder in Serbia within the next two years.
Militzer & Münch and Invictus, a family-owned enterprise, registered the joint venture as M&M Militzer & Münch Transport & Logistics D.O.O. on 25 September. Managing Director of the joint venture is Filip Simovic. Until now, he headed the transport operations at Invictus, together with Dragan Simovic, a former Country Executive of a renowned international logistics corporation. On the part of Militzer & Münch, Sacho Todorov, Regional Managing Director South East Europe, is in charge of the joint venture.
Serbia as a bridge to EU
“With this joint venture, we add to our network a country that optimally complements our locations in the South East Europe Region”, says Sacho Todorov. “Serbia is a bridge to 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.”
The existing Militzer & Münch locations in the Balkans so far are Greece, Bulgaria and Romania. These Militzer & Münch country units already offer a wide range of logistics services.
“In Serbia, we will first of all focus on road transports”, says Filip Simovic. “Our services will comprise mainly export, import and customs clearance. 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.”