Geodis Completes Keppel Logistics Acquisition Process
7/02/2022
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| Geodis Rampungkan Proses Akuisisi Keppel Logistics |
A global transportation and logistics company based in Peraincis, Geodis has completed its acquisition of Keppel Logistics after obtaining regulatory approval. This transaction strengthens Geodis' Contract Logistics footprint and e-Commerce fulfillment services in Asia Pacific, particularly in Singapore.
Singapore-based Keppel Logistics is a Contract Logistics specialist with nearly 500 employees. Keppel Logistics, which is active throughout Asia Pacific and is ranked among the top 5 players in contract logistics in Singapore, operates warehouses with approximately 200,000 m2 of space throughout Singapore, Malaysia and Australia, which will complement Geodis' existing high-tech facilities, including chemical storage, ambient temperature, and controlled temperature.
"We are delighted to welcome Keppel Logistics' customers, employees and management to the GEODIS Group," said Marie-Christine Lombard, Chief Executive Officer, Geodis in a press release received by the editors, Saturday (2/7/2022). "The acquisition of Keppel Logistics marks an important milestone in Geodis' ambitions in Asia Pacific, strengthening Contract Logistics' footprint and fulfilling Geodis' e-Commerce services in Singapore and Asia Pacific," he added.
This new combined capability will provide customers with holistic supply chain services. In particular, this acquisition will support 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 air freight network, as well as strong and reliable sea freight connections. ground transportation across Asia Pacific, ensuring customers will be able to ship goods smoothly to every corner of the region from most corners of the world.
This acquisition will provide Geodis customers with end-to-end logistics solutions, from warehousing to last-mile delivery, as well as proprietary software centralized inventory across channels to address short fulfillment lead times, handle high order volumes during peak seasons, and improve their strategy to enter the market.
"This is truly a significant step in our continued expansion in Asia Pacific, and will certainly take omnichannel to the next level, ensuring that we can exceed expectations to support our customers in responding to evolving e-commerce opportunities. , even in today's complex supply chain ecosystem," said Onno Boots, President and CEO, Geodis Asia Pacific.
"I look forward to working closely with Keppel Logistics, and embracing our shared goal of providing innovative, reliable and efficient solutions that add tremendous value to the growth of our customers."
This acquisition is a significant step along GEODIS' strategic roadmap for the Asia-Pacific region, as GEODIS currently employs 4,200 people across 85 locations.
