Geodis completes Keppel purchase as it expands in Asia Pacific

By Damian Brett

Source: Geodis

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.

Geodis strengthens logistics presence in Asia with acquisition

Share this story

Related Topics

Latest acquisitions news

Scan Global Logistics targets automotive with AFL acquisition

By Damian Brett

Fast-growing Danish forwarder Scan Global Logistics (SGL) has acquired an automotive logistics specialist as it targets growth in the sector….

Read More

Share this story

SEKO Logistics acquires US 3PL and fulfilment services provider

By Rebecca Jeffrey

SEKO Logistics has acquired California-based 3PL and fulfilment services provider Pixior. With seven locations along the west coast, and one…

Read More

Share this story

UPS expands in healthcare with Bomi acquisition

By Damian Brett

UPS plans to acquire healthcare logistics provider Bomi Group to expand its temperature-controlled facilities. The transaction will add temperature-controlled facilities…

Read More

Share this story