Logistics services in the healthcare market
Geodis completes takeover of trans-o-flex in Germany
Geodis has announced the completion of the acquisition of trans-o-flex, following regulatory approval. The acquisition will enable Geodis to significantly expand its delivery capabilities in Europe and establish itself as a major player in the healthcare market.
Marie-Christine Lombard, Chief Executive Officer of Geodis, said: "The acquisition of trans-o-flex, the largest temperature-controlled distribution network in Germany specializing in the healthcare sector, accelerates our growth in a key market for Geodis. We want to enable trans-o-flex to consolidate its market position in Germany and expand it in the largest European countries. This is part of our ambition to further develop our global end-to-end logistics solutions to support the growth and geographic expansion of our customers."
With the acquisition, Geodis expands its portfolio with a wide range of services for time-critical deliveries and offers a fast, reliable and time-definite delivery service in Germany, one of its most important market regions.
The addition of the trans-o-flex network to the existing Freight Forwarding and Contract Logistics activities will strengthen Geodis' position in Germany and together with more than 3,400 employees will generate a turnover of almost EUR 1.5 billion. By utilizing all the strengths and resources of trans-o-flex - including the strong brand and the expertise of the existing management team - synergies will be created for both companies.
trans-o-flex will remain independent and operate under the leadership of Wolfgang P. Albeck as CEO. Marie-Christine Lombard will take over as Chairman of the Supervisory Board and Christoph Schoeller as Deputy Chairman. trans-o-flex will report to Region Europe under the leadership of Thomas Kraus. In order to ensure commercial synergies, Wolfgang P. Albeck will join the Management Board of Geodis Europe.
Christoph Schoeller, Deputy Chairman of trans-o-flex, said: "We are delighted that trans-o-flex can now enter a new phase of international growth. To ensure continuity, the entire management of trans-o-flex will remain in office. Together we will continue to work on the Group's success story."
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