The background to the bankruptcy is a prolonged period of financial challenges and a strained market situation within e-commerce. In the subsidiary Eilogistik Marknadsservice AB, where the actual logistics operations were conducted, net turnover fell from SEK 57.8 million in 2024 to SEK 40.1 million in 2025. The result after financial items landed at minus SEK 888,000 the same year.
As early as September 2025, the parent company initiated a process to sell the subsidiary. During the first quarter of 2026, there was also an interested party who wanted to acquire the business, however, under the condition that the debts were written down. To enable a deal, a corporate reconstruction was initiated in April 2026, but attempts to save the company failed.
In the annual report for Eilogistik AB, the sequence of events surrounding why the deal did not go through is summarized:
The sale of the shares in Eilogistik Marknadsservice was not completed, and Eilogistik Marknadsservice was placed in bankruptcy, and the valuation of Eilogistik Marknadsservice AB is written down, and thus the equity has been consumed.
When the operating company was placed in bankruptcy, the parent company and the sister company Portomus AB were also dragged along due to internal debts and group transactions.
Loss of Revolution Race was noticeable
The business was founded in 2006 and was a player in third-party logistics for e-commerce. Under the current CEO Jonas Hamrén Berggren, who took office in 2011 after a previous reconstruction, the company grew steadily and reached a peak in 2020 with a turnover of SEK 130 million.
The following year, in January 2021, E-logistik lost its then-largest customer Revolution Race, which at the time accounted for 70 percent of revenue. The sudden loss led to the workforce being halved. Jonas Hamrén Berggren later described the tough period in an interview with Transportnytt:
It was a real ordeal to go through. First we lost a major customer and then – like everyone else – we were hit by the declining e-commerce market.
New focus was not enough
After the blow, the company tried to reposition itself by reducing its dependence on individual customers and instead focusing on e-commerce companies in the mid-segment. In the spring of 2023, it even expanded the warehouse area in Götene by almost 15 percent via an external warehouse to optimize flows and make room for new customers.
Despite cost savings and restructuring, the financial problems continued to weigh on the business. The annual report for 2025 shows that liquidity in the operating company was strained and that taxes and fees were not handled on time. The auditors noted in their report:
On several occasions during the year, deducted income tax, social security contributions, value added tax and preliminary tax have been paid late.
It also appears that the board failed to prepare a control balance sheet on time. When one was finally prepared on March 31, 2026, it showed that the equity had been consumed. In the annual reports for all three companies in the group, the boards state briefly that the companies are not planning for any continued operations.