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GEODIS’ purchase of Keppel Logistics further expands GEODIS’ footprint by adding to recent investments in contract logistics sites in India, South Korea and Australia
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Keppel Logistics owns over 200,000m2 of warehouse space in Singapore, Malaysia and Australia
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The acquisition is subject to regulatory review and approvals expected to be obtained by end of the second quarter this year
GEODIS has signed an agreement to acquire Keppel Logistics, increasing GEODIS’ contract logistics footprint and eCommerce fulfillment services in Singapore and Southeast Asia.
The acquisition is subject to regulatory review and approvals expected to be obtained by end of the second quarter this year, GEODIS said in a statement. Both companies will operate as independent businesses and run their operations as usual until that time.
Based in Singapore, Keppel Logistics is a contract logistics specialist with close to 500 employees. Active throughout Southeast Asia, it owns over 200,000m2 of warehouse space in Singapore, Malaysia and Australia. The company offers end-to-end B2B and B2C logistics solutions, from warehousing to last mile delivery, with strong skills in eCommerce omnichannel service offerings under its UrbanFox platform.
GEODIS said the acquisition is a significant step along its strategic roadmap for the Asia Pacific region, where GEODIS currently employs 3,700 people spread over 76 sites. The deal further expands its footprint by adding to recent investments in contract logistics sites in India, South Korea and Australia, it said.
“The acquisition of Keppel Logistics will mark a key milestone in GEODIS’ Asia-Pacific ambitions. Keppel Logistics is a well-established regional player, with a strong focus on innovation. Through this acquisition which will combine GEODIS’ worldwide leadership with Keppel Logistics’ robust local footprint, we believe we can create great value for our customers, facilitating their growth, particularly in the eCommerce Asian market,” Marie-Christine Lombard, Chief Executive Officer of GEODIS said in a statement.
“As one of the leading logistics providers, we are continuously looking for ways to evolve the region’s supply chain and our clients’ eCommerce ecosystem. The acquisition will strengthen our contract logistics and digital omnichannel capabilities, elevate our end-to-end logistics solutions and bring greater value to customers across the region. By enhancing our eCommerce services, we will provide brands with the ability to scale their online presence seamlessly and effectively navigate supply chain challenges to accelerate their growth in this region,” Onno Boots, President and CEO of GEODIS Asia-Pacific said.
Thomas Pang, CEO of Keppel Telecommunications & Transportation added, “For over 50 years, Keppel Logistics has been providing customized integrated logistics in Singapore. We believe the integration of Keppel Logistics as part of GEODIS will help accelerate Keppel Logistics’ growth, allowing it to scale up and provide even better value propositions to both its customers and internal stakeholders”.
