GEODIS has finalised its acquisition of Keppel Logistics after obtaining regulatory approvals.
GEODIS said this transaction consolidates its Contract Logistics footprint and e-Commerce fulfillment services in Asia-Pacific and particularly in Singapore.
The Singapore-based Keppel Logistics is a contract logistics specialist with close to 500 employees. Keppel Logistics operates circa 200,000 m2 of warehouse space across Singapore, Malaysia and Australia, which is expected to complement GEODIS’ existing facilities, including its chemical, ambient temperature and temperature-controlled storage.
“We are pleased to welcome Keppel Logistics’ customers, employees and management to the GEODIS Group,” said Marie-Christine Lombard, CEO of GEODIS, who added, “The acquisition of Keppel Logistics marks a key milestone in GEODIS’ Asia-Pacific ambition, increasing our Contract Logistics footprint and e-Commerce fulfillment services in Singapore and Asia-Pacific.”
GEODIS said this acquisition will provide its 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 fulfillment lead times, handle high volumes of orders during peak seasons and elevate their go-to-market strategy.
“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,” commented Onno Boots, president and CEO of GEODIS in Asia-Pacific.
