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GEODIS completes Keppel Logistics buyout after obtaining regulatory approvals
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The takeover consolidates the French contract logistics specialist’s footprint and e-commerce fulfillment services in the Asia-Pacific
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With the acquisition, GEODIS’ customers are assured of end-to-end logistics solutions, from warehousing to last-mile delivery
GEODIS has finalized its Singapore-based Keppel Logistics buyout after obtaining regulatory approvals.
The transaction consolidates France-based GEODIS’ contract logistics footprint and e-commerce fulfillment services in Asia-Pacific, particularly in Singapore.
Keppel Logistics is a contract logistics specialist that is active throughout Asia-Pacific and has close to 500 employees.
Ranked in the top 5 contract logistics players in the Lion City, the company operates about 200,000 square meters of warehouse space across Singapore, Malaysia and Australia that will complement GEODIS’ existing high-tech facilities, including its chemical, ambient temperature and temperature-controlled storage.
“We are pleased to welcome Keppel Logistics’ customers, employees and management to the GEODIS Group,” chief executive Marie-Christine Lombard.
“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.”
READ: GEODIS acquires Keppel Logistics
The new combined capabilities will deliver holistic supply chain services to customers. The acquisition will bolster both B2C and B2B e-Commerce channel management offerings, integrating Keppel Logistics’ fast-growing UrbanFox platform in Singapore, Malaysia and Vietnam with GEODIS’ own controlled airfreight network as well as its robust sea freight, and road transport connections across Asia-Pacific.
This integration ensures that customers in every corner of the region will be able to seamlessly transport goods to and from most parts of the globe.
The acquisition will provide GEODIS’ customers with end-to-end logistics solutions, from warehousing to last-mile delivery as well as proprietary software centralizing inventory across multiple channels to overcome short fulfilment lead times, handle high volumes of orders during peak seasons and elevate their go-to-market strategy.
“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 CEO of GEODIS in Asia-Pacific.
“I look forward to working closely with Keppel Logistics and embarking on our shared goal of providing innovative, reliable, and efficient solutions that add remarkable value to our customers’ growth.”
This GEODIS Keppel Logistics buyout is a significant step along GEODIS’ strategic roadmap for the Asia-Pacific region, where the company employs 4,200 people spread over 85 sites.
