Militzer & Münch and Invictus create joint venture in Serbia

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 registered the joint venture as M&M Militzer & Münch Transport & Logistics D.O.O. on Septembe 25, 2019. 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, oversees the joint venture.

“With this joint venture, we add to our network a country that optimally complements our locations in the South East Europe Region”, said 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, the primary focus will be on road transport. The services will initially comprise mainly of export, imports and customs clearance. Its objective is to expand to its portfolio, adding air freight and sea freight, warehousing, intermodal traffics and project transports.

Source: Militzer & Münch