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GEODIS Announces Plans to Acquire trans-o-flex to further Develop its Integrated Freight Network in Germany

December 23, 2022
in Trading
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GEODIS Announces Plans to Acquire trans-o-flex to further Develop its Integrated Freight Network in Germany
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GEODIS has signed an agreement to acquire trans-o-flex, a leading company in the premium express sector in Germany specialized in temperature controlled transport for pharmaceutical products as well as in time definite delivery of products for cosmetics, automotive and high-tech industries. Since 2016 the company is owned by the families Schoeller and Amberger who have invested to scale it up to a leading specialized distribution player.

Founded in 1971, trans-o-flex operates Germany’s largest temperature-controlled distribution network specializing in healthcare, handling both parcels and pallets. Trans-o-flex is headquartered in Germany and has recently expanded its activity in Austria, which offers opportunities for further developments. Trans-o-flex employs around 2,000 people across 77 hubs and local agencies which enable the company to offer Express logistics solutions throughout Germany.

The closing of this deal will be effective after completion of the usual regulatory approvals.

GEODIS – www.geodis.com

GEODIS is a leading global logistics provider acknowledged for its expertise across all aspects of the supply chain. As a growth partner to its clients, GEODIS specializes in five lines of business: Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport. With a global network spanning nearly 170 countries and more than 44,000 employees, GEODIS is ranked no. 7 in its sector across the world. In 2021, GEODIS generated €10.9 billion in revenue.

Credit: Source link

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