From March 7 announced the acquisition of Germany's old freight forwarding trans-o-flex, to May 23 again won the U.S. logistics enterprise Southern Companies;Geodis took less than three months!
From May 23 to win the United States Southern Companies; To June 2 to complete the acquisition again, this Geodis only took 10 days!
Last Friday (June 2), the global logistics giant Geodis (Geodis) issued an official announcement, announcing its acquisition of a Swiss freight forwarding company with 31 years-ITS International Transport & Shipping Ltd. (hereinafter referred to as "ITS")
It is understood that GEODIS acquisition is to strengthen its in Switzerland freight forwarding services.
GEODIS CEO Marie-Christine Lombard said: "Switzerland has a number of multinational companies that are important customers of GEODIS, including several dynamic companies in the pharmaceutical industry. With the acquisition of ITS, GEODIS is one step closer to completing its global end-to-end network of customers."
"Under Massimo Bianco and Javier Sanchez leadership, ITS has successfully developed into a trusted partner and special service expert. We look forward to ITS excellent management and employees joining GEODIS."
It is reported that ITS is an independent Swiss freight forwarding company founded in 1992 and headquartered in Lenach, Basel, Switzerland. ITS has 26 employees and 2022 revenue of 58 million Swiss francs (about $63.68 million).
Massimo Bianco, CEO of ITS, said: "Our goal is to provide customers with a wider range of services in a wider geographical market. This initiative, which combines our existing capabilities with GEODIS's extensive expertise and global footprint, will help achieve this and help all customers navigate the ever-changing and complex supply chain environment. We are therefore delighted to join GEODIS, with which we share the ambition to continuously grow our business and the business of our customers."
ITS will join GEODIS Global Freight Forwarding business line and will report to the European region.
About its
ITS - International Transport & Shipping Ltd was founded in 1992 and is headquartered in Linerach (Reinach), Basel, Switzerland.
ITS mainly provides high-tech "special services", organizing transportation and logistics for special projects and super-large equipment in the industrial, automotive and defense sectors. ITS also provides standard ocean and general cargo services, as well as other ancillary services (oil, food and art transport, event logistics, customs clearance, etc.)
About Geodis
Geodis is the world's top transportation and logistics service provider, with about 44000 employees and business network covering nearly 170 countries. In 2022, Geodis's revenue exceeded 13 billion euros, one year ahead of its 2023 target.
GEODIS provides worldwide customers with supply chain optimization, freight forwarding, contract logistics, distribution and express delivery, and road transportation services to help customers achieve sustained growth.
Source: one shipping