Announced
Completed
Financials
Tags
Cross Border
Netherlands
Third Party Logistics (3PL)
logistics provider
Single Bidder
Majority
Completed
Private
Acquisition
Friendly
Synopsis
ID Logistics, an international contract logistics group, completed the acquisition of GVT Transport & Logistics, a specialist in transport and distribution in the Benelux, for €80m. "We are very happy to finalize this agreement for the acquisition of GVT Transport & Logistics, which concludes several years of fruitful cooperation and development. Thanks to this acquisition, ID Logistics Benelux will become a key player in the Benelux market, especially in the Netherlands, and will propose a full scope of services to our existing or future customers. I am sure that the GVT team and employees will have a bright future in ID Logistics Group and will be able to develop their know-how on a large scale," Eric Hémar, ID Logistics CEO.
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