Norway Post said it has enteredinto a contract to buy all the sharesin Transflex, a Swedish transport andlogistics group.

Transflex was established in 1998and has operations in Halmstad,Gothenburg, Stockholm, Jönköpingand Linköping. It has 75 employeesand achieved revenue of SEK 417 millionin 2006.

The Transflex Group will become apart of Norway Post’s logistics networkin Sweden together with refrigerated-transport company Frigoscandia,courier and express delivery company,Box and Nor-Cargo’s Swedishoperations.