Geodis enhances US offering with OHL acquisition
Leading European supply chain operator Geodis, which is 100% owned by SNCF Logistics, has agreed to buy OHL (Ozburn-Hessey Logistics) for an undisclosed sum. The transaction will be financed with available cash resources and through existing and new debt arrangements.
OHL is currently owned by private equity firm Welsh, Carson, Anderson & Stowe (WCAS) and its annual revenue is reported at €1.2 billion. The closing of the deal will become effective after completion of the usual regulatory approvals.
As one of the world’s leading 3PL companies, OHL operates more than 120 distribution centres in North America with over 36 million square feet of flexible warehouse space and employs over 8,000 transportation and fulfilment professionals Its integrated global supply chain management solutions include transportation, warehousing, customs brokerage, freight forwarding, and import and export consulting services.
With revenue amounting to €6.8 billion per annum, more than 120,000 customers and 30,000 employees in a multitude of countries across the globe, Geodis has recently unified its offering under its single name brand. In time, OHL will also be rebranded as Geodis.
Marie-Christine Lombard, CEO of Geodis, said: “We are proud to welcome the customers and employees of OHL to Geodis and to provide our global customers with OHL’s expertise and presence in the North American market. Likewise Geodis offers a second to none global footprint for North American corporations and the clients of OHL seeking to grow internationally.
“Bringing together the complimentary customer portfolios and capabilities, combined with the great cultural fit of both companies makes outstanding strategic sense for Geodis. We look forward to our enhanced offer to even better serve our clients as their growth partner.”
Randy Curran, CEO of OHL, commented: “We are excited to join forces with Geodis and look forward to the extended reach of a worldwide Group. Both organisations have a long tradition of finding world class supply chain solutions for customers in pursuit of the superior customer experience.”
Posted on: August 18th 2015