After regulatory approval, GEODIS announces the completion of the acquisition of Trans-o-Flex. German leader in express premium delivery and temperature-controlled pharmaceutical supplies is trans-o-flex. This purchase will make GEODIS one of the most well-known players in the crucial healthcare business and greatly improve its delivery capabilities in Europe.
Worldwide expansion
“The acquisition of trans-o-flex, the largest temperature-controlled distribution network in Germany with a focus on healthcare, accelerates our growth in a crucial sector for GEODIS,” stated Marie-Christine Lombard, Chief Executive Officer of GEODIS. Trans-o-market flex’s position in Germany should be strengthened, and we aim to help it grow in the biggest European nations. In order to support the growth and worldwide expansion of our customers, it is part of our goal to build our global end-to-end logistics solutions.
With this acquisition, GEODIS expands its portfolio of time-critical delivery services and provides quick, dependable, and time-definite delivery in Germany, one of its main geographic areas.
Achieving commercial synergies
Achieving close to €1,5 billion in revenue with more than 3,400 workers, the addition of trans-o-flex capabilities to the previously established Freight Forwarding and Contract Logistics businesses would boost GEODIS’ position in Germany. Using all of the trans-o-assets, flex’s including its strong brand and the knowledge of its current management team will result in synergies for both businesses.
Trans-o-flex will continue to be run independently, with CEO Wolfgang P. Albeck in charge. The corporation will be governed by a supervisory board with Christoph Schoeller serving as deputy chairman and Marie-Christine Lombard serving as the board’s chair. Trans-o-flex will answer to Thomas Kraus, who will be in charge of the Europe region. Wolfgang P. Albeck will join the executive board of GEODIS’s Europe area to achieve commercial synergies.
Express service
According to Christoph Schoeller, trans-o-deputy flex’s chairman, “We are happy that trans-o-flex may now begin a new, international growth phase. The full trans-o-flex management will stay in place to maintain continuity. We will keep collaborating to write the Group’s success story.”
The express service, which was started in 1971 and has created specialised logistical solutions for the healthcare, consumer electronics, and other sensitive products industries, focuses on Germany. The business has roughly 2,000 employees at 77 network and warehouse facilities both here and in Austria. The company has created its own national network for actively controlling pharmaceutical shipments at 2 to 8°C and 15 to 25°C in both Austria and Germany.
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Source: GEODIS
