Fall Magazine - Page 85

CLDA Corner

GEODIS to acquire Need It Now Delivers to significantly strengthen its U . S . offerings

GEODIS , a world leader in transport and logistics , today announced that it has signed an agreement to acquire the American company , Need It Now Delivers . The acquisition will enable GEODIS to significantly increase its presence in the United States in the areas of contract logistics and last-mile delivery . The acquisition will also consolidate GEODIS ’ s position as one of the world ’ s ten leading logistics providers .
Marie-Christine Lombard , CEO of GEODIS , commented : “ The acquisition of Need It Now Delivers is a key step through which we will strengthen and diversify our offerings in the U . S ., providing our customers with a global and integrated end-to-end freight network in the United States , from international transport to last-mile delivery . This new acquisition represents an important milestone as we continue to progress on our strategic plan , Ambition 2023 .”
Need It Now Delivers operates an expansive domestic road freight network with more than 65 company locations and 300 distribution points , providing strong national coverage , particularly in the eastern United States . To offer its customers complete port-to-door logistics solutions , the company specializes in distribution , last-mile delivery , and in multi-channel contract logistics across a wide range of high-growth industry verticals . Owned in part by management along with the private equity fund Palm Beach Capital , the New Jersey-based company employs approximately 2,000 people and is expected to reach revenues close to $ 750 million in 2022 .
“ Our U . S . supply chain business has consistently grown over the last 10 years ,” said Mike Honious , GEODIS in Americas President & CEO . “ With the services , capabilities , and the leadership team of Need It Now Delivers , we will expand our offerings and support the growth strategies of our customers .”
This acquisition will strengthen GEODIS ’ s American footprint and e-Commerce services portfolio , with customers able to benefit from the Group ’ s expertise in end-to-end supply chain expertise in freight forwarding , road transport , contract logistics and last-mile delivery . Eric Mautner , CEO of Need It Now Delivers , said : “ Since our inception in 1987 , Need It Now Delivers has scaled rapidly to position ourselves as an industry leader with a special focus on omnichannel and last-mile delivery . Together with GEODIS , our teams can continue to build upon this momentum to provide customers with a more expansive network of flexible , efficient and reliable services that will ultimately allow us to successfully meet projected industry dynamics such as continued e-Commerce growth and increasingly complex supply chains that require the need for omnichannel capabilities .” Once the transaction is completed , the GEODIS group will employ roughly 15,000 people across more than 200 locations in the U . S and exceeding 17,000 in the Americas . The combined organizations of GEODIS and Need It Now Delivers would have generated $ 3.7 billion for full year 2021 in the U . S .
The acquisition is subject to regulatory review and approvals , which are expected to be obtained by end of 2022 . Both companies will operate as independent businesses and run their operations as usual until that time . CLDA
ABOUT GEODIS GEODIS is a global leading transport and logistics provider recognized for its commitment to helping clients overcome their logistical constraints . GEODIS ’ growth-focused offerings ( Supply Chain Optimization , Freight Forwarding , Contract Logistics , Distribution & Express , and Road Transport ), coupled with the company ’ s truly global reach thanks to a global network spanning nearly 170 countries , is reflected by its top business rankings : no . 1 in France and no . 7 worldwide . GEODIS employs over 44,000 people globally and generated € 10.9 billion in revenue in 2021 . fall 2022 customized logistics & delivery Magazine 85