Geodis, a transportation and logistics company, announced Friday (July 1) it has obtained regulatory approvals and completed its acquisition of Keppel Logistics.
According to the announcement, the acquisition has consolidated Geodis’ footprint and eCommerce operations in the Asia-Pacific region, especially in Singapore.
“The acquisition of Keppel Logistics marks a key milestone in Geordis’ Asia-Pacific ambition, increasing our Contract Logistics footprint and e-Commerce fulfillment services in Singapore and Asia-Pacific,” said Geodis CEO Marie-Christine Lombard.
Keppel Logistics is based in Singapore and has nearly 500 employees, according to the announcement. The company runs roughly 200,000 cubic meters of warehouse space in Singapore, Malaysia and Australia, and Geodis said that the new space will complement its “existing high-tech facilities, including its chemical, ambient temperature and temperature-controlled storage.”
“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,” Onno Boots, president and CEO of Geodis in Asia-Pacific, said in a statement.
Geodis noted that the acquisition will strengthen its ability to manage B2C and B2B eCommerce channels, providing customers with “end-to-end logistics solutions, from warehousing to last mile delivery as well as proprietary software centralizing inventory across multiple channels.”
Headquartered in France, Geodis now employees 4,200 people at 85 locations, according to the announcement.
See also: What COVID-19 Means For Logistics, Now And In The Future
In April 2020, Brian Reed, who at the time was Geodis’ vice president of business development and supply chain optimization, told PYMNTS that one of the results of the COVID pandemic was that logistics companies were learning a lot during the worst times — including the importance of technologies that once may have seemed like luxuries.
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