SEKO Logistics continues expansion with Bansard deal
04 / 10 / 2021
Source: SEKO Logistics
SEKO Logistics has completed its largest acquisition to-date with an investment in Paris-headquartered logistics group Bansard International.
Bansard provides door-to-door logistics management services, covering consultancy, freight forwarding, warehousing, de/consolidation, transportation management, quality control, and customs clearance services.
Bansard International has 54 offices in 17 countries and employs about 600 people. Last year, the company achieved sales of more than €210m with customers in the retail/fashion, electronics, industrial, aerospace and pharmaceutical industries, among others.
SEKO said the deal expands its geographic presence: “SEKO will offer Bansard’s clients the opportunity to grow their sales in the US and UK markets through access to its national network of stations.”
It added: “SEKO will benefit from Bansard’s highly‑respected business operations in France, international branches, strong Asia-Europe inbound air and ocean freight volumes.”
In December last year SEKO secured investment from Ridgemont Equity Partners as it looked to expand the business.
This deal is the company’s largest strategic investment since then and SEKO president and chief executive James Gagne said the deal represents “a clear statement of intent” of the company’s growth ambition.
“SEKO Logistics is primed for the next stage of our global growth but, in terms of acquisitions, we select our preferred partners with great care and due diligence,” Gagne said.
“Bansard International is a perfect fit with our own business model as a mid-sized, independent, growth and technology-driven, client-obsessed organisation
“There are so many positive aspects of our new collaboration. France is such an important logistics market, even more so since Brexit.
“Working with Bansard, we are making a long-term commitment to clients in France and those across the globe trading with France.
“In Europe, this new investment adds to SEKO’s strong presence in the United Kingdom, Ireland, the Netherlands and Denmark and puts us on a rapid upward trajectory.
“We are continuing to explore further investments to strengthen our global network and service portfolio.”
Simon Pinto, president of Bansard, will continue to lead Bansard.