Marie-Christine Lombard, CEO of Geodis, said: "The acquisition of trans-o-flex is an important step forward that will allow us to expand our presence in Germany. It is in line with our ambition to strengthen our global end-to-end logistics solutions to support the growth and geographical development of our customers. Thanks to the acquisition, Geodis will position itself as a leading player in the healthcare market while significantly improving our delivery capabilities in Germany, a country at the center of global trade. We are impressed by the expertise and commitment of the trans-o-flex management team to excellence in service quality. We warmly welcome the trans-o-flex team to Geodis and believe that together we can better support our customers by combining our complementary strengths in Germany, Europe and globally. In this endeavor, we have agreed with Christoph Schoeller, the current Chairman of the Advisory Board and Deputy Chairman of the Supervisory Board of trans-o-flex, together with Peter Amberger, shareholder of the company, to appoint Mr. Schoeller as Deputy Chairman of the new Supervisory Board under my chairmanship."

Founded in 1971, trans-o-flex operates Germany's largest temperature-controlled distribution network, specializing in healthcare and the transport of parcels and entire pallets. Trans-o-flex is headquartered in Germany and has expanded further in Austria to take advantage of the opportunities for further development there. The company employs around 2,000 people at 77 hubs and local locations, enabling it to offer express delivery services throughout Germany.

Christoph Schoeller and Peter Amberger, shareholder representatives, commented: "Since the acquisition of trans-o-flex in 2016, the company has steadily expanded its leading position in temperature-controlled express delivery for pharmaceuticals and premium products thanks to its recognized quality network and high service reliability in Germany and Austria. This has been achieved under the leadership of Wolfgang P. Albeck, CEO of trans-o-flex, who has built around him a team of experts with a unique "can-do" attitude and a commitment to the highest level of customer satisfaction. We would like to take this opportunity to express our deepest appreciation to Mr. Albeck and his team and have no doubt that they will continue to strive for excellence at Geodis. I am delighted to be able to contribute to the continuation of trans-o-flex's success story as Deputy Chairman of the Supervisory Board. Together with Geodis, we will scale trans-o-flex's business internationally and thus further maximize the benefits for our customers," says Christoph Schoeller.

The closing of the transaction will become effective after the usual regulatory approvals have been granted.