Delivery Duty Paid (DDP) means
GEODIS completes its acquisition of PEKAES
GEODIS finalized its acquisition of PEKAES after obtaining regulatory approval. This transaction consolidates GEODIS’ network in Poland and Eastern Europe.
“We are pleased to welcome PEKAES’ customers, employees and management to the GEODIS Group,” announced Marie-Christine Lombard, Chief Executive Officer of GEODIS. “This acquisition, in a target region for the Group’s development, is a major step towards reaching the goals laid out in our “Ambition 2023” strategic plan. GEODIS now has an increased presence in Europe’s third-largest logistics market, offering Polish companies tremendous international opportunities.”
The acquisition expands GEODIS’ operations in Poland, as well as in the German market – Poland being an integral part of the German production chain – and in Central Europe as a whole.
Integration of the PEKAES business will be led by GEODIS’ Road Transport Line of Business, already firmly established in Poland. “This operation will allow us to develop our palletized freight network throughout Europe as we also develop further our abilities in the Polish domestic market,” explains Olivier Royer, GEODIS Executive Vice President for Road Transport. “PEKAES’ multimodal lines out of Poland represent a real growth opportunity for this mode of transport. They will supplement our lines in Western Europe, which are currently experiencing strong growth given our customers’ desire for transport with a low environmental impact.”
“We are opening a new chapter in PEKAES’ history. It provides many opportunities for our customers, partners and employees. Our customers can now benefit from the power of a global network to help them grow. For our teams, this means new growth opportunities in a strong international organization. We are delighted to join the GEODIS group, with whom we share the commitment to help our customers overcome their logistical constraints,” declared Maciej Bachman, CEO of PEKAES.
GEODIS now has nearly 1,500 employees at 29 sites in Poland, including some twenty hubs spread across the entire territory.