Geodis completes Keppel purchase as it expands in Asia Pacific
04 / 07 / 2022
By Damian Brett
Geodis has completed the acquisition of e-commerce specialist Keppel Logistics as the forwarder expands its presence in Asia.
The deal was first announced at the start of the year but Geodis has now obtained all regulatory approvals allowing completion.
Geodis said the acquisition would bolster the two firms’ respective e-commerce offerings by combining Keppel Logistics’ delivery service with its own controlled airfreight network as well as its seafreight and road transport connections across the region.
Based in Singapore, Keppel Logistics is a contract logistics specialist with close to 500 employees and is active throughout Asia Pacific, operating around 200,000 sq m of warehouse space across Singapore, Malaysia and Australia.
“We are pleased to welcome Keppel Logistics’ customers, employees and management to the Geodis Group,” said Marie-Christine Lombard, chief executive of Geodis.
“The acquisition of Keppel Logistics marks a key milestone in Geodis’ Asia Pacific ambition, increasing our Contract Logistics footprint and e-commerce fulfillment services in Singapore and Asia-Pacific.”
“This is truly a significant step in our continued expansion in Asia-Pacific and will certainly take our digital omnichannel capabilities to the next level, ensuring that we can go above and beyond to support our customers in responding to the growing e-Commerce opportunity, even in today’s complex supply chain ecosystem,” said Onno Boots, president and chief executive of Geodis in Asia-Pacific.