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Slovenia Business Week no. 14/2005: Logistics Company Signs Cooperation Deal with Zastava

Slovenian logistics group Viator&Vektor and Serbian automotive group Zastava will cooperate in logistics and in the maintenance and production of trucks, buses and military vehicles

Slovenian logistics group Viator&Vektor has signed a deal on business cooperation with Serbian automotive group Zastava. The two companies will cooperate in logistics and in the maintenance and production of trucks, buses and military vehicles, Viator&Vektor chairman Zdenko Pavcek said on Thursday, 31 March.

The signing comes only weeks after the Slovenian group acquired shipping company Zastava Sped from Zastava in what was its second acquisition of a Serbian company this year.

The cooperation deal opens the door to a stronger logistics presence on the Serbian market, Pavcek said. "I am pleased that we have also found a business opportunity in the production and maintenance of vehicles," he added.

Viator&Vektor, which has offices at all border crossings of Serbia-Montenegro, has the ambition to become a leading firm offering comprehensive logistics services in SE Europe.

The group, which entered the defence contracting market in 2003 by acquiring defence company Sistemska tehnika, also said recently it believes it could produce Valuk armoured personnel carrier for the Serbian army.

Source: Slovene Press Agency STA

Author: STA