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Geodis, a transport and logistics sector leader, has finalised its acquisition of Keppel Logistics, after obtaining regulatory approvals. This transaction consolidates Geodis’ contract logistics footprint and e-commerce fulfilment services in Asia-Pacific and in Singapore. Keppel Logistics is a contract logistics specialist with close to 500 employees.
Active throughout Asia-Pacific, Keppel Logistics (ranked in the top five contract logistics players in Singapore) operates circa 200,000 square metres of warehouse space across Singapore, Malaysia, and Australia, which will complement Geodis’ existing high-tech facilities, including its chemical, ambient temperature and temperature-controlled storage, the company said in a press release.
Geodis, a transport and logistics sector leader, has finalised its acquisition of Keppel Logistics, after obtaining regulatory approvals. This transaction consolidates Geodis’ contract logistics footprint and e-commerce fulfilment services in Asia-Pacific and in Singapore. Keppel Logistics is a contract logistics specialist with close to 500 employees.
The new combined capabilities will deliver holistic supply chain services to customers. In particular, this 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, ensuring that customers in every corner of the region will be able to seamlessly transport goods to and from most parts of the globe.
This acquisition will provide Geodis’ customers with end-to-end logistics solutions, from warehousing to last mile delivery as well as proprietary software centralising 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.
“We are pleased to welcome Keppel Logistics’ customers, employees and management to the Geodis. The acquisition of Keppel Logistics marks a key milestone in Geodis’ Asia-Pacific ambition, increasing our contract logistics footprint and e-commerce fulfilment services in Singapore and Asia-Pacific,” Marie-Christine Lombard, chief executive officer of Geodis, said in a statement.
“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. 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,” Onno Boots, president and CEO of Geodis in Asia-Pacific, said.
Fibre2Fashion News Desk (GK)
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