FRENCH forwarding giant geodis has announced that it has acquired the Swiss forwarder, ITS - International Transport & Shipping Ltd.
'Having acquired ITS, Geodis is one step closer to its aim of completing a global end-to-end network to serve its customers,' said Geodis CEO Marie-Christine Lombard.
ITS will join the Geodis Global Freight Forwarding line of business and will report into the Region Europe.
ITS is an independent Swiss freight forwarder, founded in 1992 and headquartered in Reinach, in the canton of Basel-Country.
ITS main offering is organising transport and logistics for dedicated projects and outsized equipment for the industrial, automotive and defence sectors.
The company also provides standard ocean freight and general cargo services, as well as other ancillary services (oil and food, event logistics, artwork transportation, customs brokerage etc). ITS employs 26 people and reported revenues of CHF58 million (US$63.8 million) in 2022.
Said ITS chief executive Massimo Bianco: 'We are delighted to be joining Geodis, with whom we share an ambition to constantly grow our business and that of our customers.'
SeaNews Turkey
'Having acquired ITS, Geodis is one step closer to its aim of completing a global end-to-end network to serve its customers,' said Geodis CEO Marie-Christine Lombard.
ITS will join the Geodis Global Freight Forwarding line of business and will report into the Region Europe.
ITS is an independent Swiss freight forwarder, founded in 1992 and headquartered in Reinach, in the canton of Basel-Country.
ITS main offering is organising transport and logistics for dedicated projects and outsized equipment for the industrial, automotive and defence sectors.
The company also provides standard ocean freight and general cargo services, as well as other ancillary services (oil and food, event logistics, artwork transportation, customs brokerage etc). ITS employs 26 people and reported revenues of CHF58 million (US$63.8 million) in 2022.
Said ITS chief executive Massimo Bianco: 'We are delighted to be joining Geodis, with whom we share an ambition to constantly grow our business and that of our customers.'
SeaNews Turkey
