Geodis to acquire an entire stake in PEKAES from Innova Capital.

Geodis, a provider of transportation and logistics services, agreed to acquire an entire stake in PEKAES, a logistics group, from Innova Capital, a Central European private equity firm. Financial terms were not disclosed. “Over the last five years, PEKAES has embarked on a path of dynamic development and implemented a strategic program prepared for this period. While we have successfully achieved the goals set for 2016-2020, our long-term development plan included a key target to combine the strength of our organization with an international strategic investor. GEODIS, as a global logistics provider, is an ideal match. We are proud that a leading global logistics company has given such a positive assessment of our business achievements, the organization of our companies as well as our potential and growth opportunities in the coming years,” Maciej Bachman, PEKAES CEO.