Geodis gets the nod to complete acquisition of Pekaes
FRENCH transport and logistics group Geodis has finalised its acquisition of Polish road freight operator Pekaes after obtaining regulatory approval
04 February 2021 - 19:00
'We are pleased to welcome Pekaes' customers, employees and management to the Geodis Group,' announced Marie-Christine Lombard, CEO of Geodis.
'This acquisition, in a target region for the Group's development, is a major step towards reaching the goals laid out in our 'Ambition 2023' strategic plan. Geodis now has an increased presence in Europe's third-largest logistics market, offering Polish companies tremendous international opportunities.'
Established in 1958, Pekaes operates one of the leading full truckload (FTL), less-than-truckload (LTL) and groupage networks in Poland, serving around 10,000 shippers a year across its 20 branches.
The acquisition expands the company's operations in Poland, as well as in the German market - Poland being an integral part of the German production chain - and in Central Europe as a whole.
Integration of the Pekaes business will be led by Geodis' Road Transport Line of Business, already firmly established in Poland.
'This operation will allow us to develop our palletised freight network throughout Europe as we also develop further our abilities in the Polish domestic market,' explains Olivier Royer, Geodis executive vice president for road transport.
'Pekaes' multimodal lines out of Poland represent a real growth opportunity for this mode of transport. They will supplement our lines in Western Europe, which are currently experiencing strong growth given our customers' desire for transport with a low environmental impact.'
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