“We created a new hub, a logistics warehouse in Budapest, connected to Western Europe. We also connect transportation from Turkey to Germany and France, we have lots of new contracts in Turkey,” co-founder Remus Deac told ZF.
Remus Deac and Ioan Stoia established the business in 2014, which started out with six trucks as subcontractor for parcel delivery company Cargus, carrying parcels between warehouses.
It then expanded by partnerships with other sectors, such as pharmaceuticals and fast-moving consumer goods, after which it opened hubs in Rotterdam, Istanbul, Bruges and Budapest. The company now has more than 100 vehicles, as well as 150 employees.
Ignite Logistics ended 2020 with RON35.6 million revenue and RON3.6 million net profit, up from RON25.3 million and RON2.5 million of 2019, Finance Ministry data show.
(English version by Loredana Fratila-Cristescu)