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GEODIS has received the necessary regulatory approvals and officially completed the $1.3 billion acquisition of OHL (Ozburn-Hessey Logistics), a major 3PL based in Nashville, Tennessee, according to a company statement.
The combined structure will generate a consolidated annual turnover of over $8.7 billion with more than 38,000 employees and 165,000 customers. With approximately 400 logistics warehouses around the world, additional freight forwarding capability and e-commerce expertise, GEODIS says it is expanding its global footprint.
"The acquisition is a great achievement for GEODIS and a significant step toward our Ambition 2018 strategic plan – to be the global growth partner for our clients," said Marie-Christine Lombard, CEO of GEODIS. "This acquisition allows us to offer a market leading set of solutions on a global level with enhanced expertise at each phase of the supply chain."
Lombard welcomed Randy Curran, CEO of OHL, as
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a new member of the GEODIS executive committee.
"By offering GEODIS’ European customers our capabilities and opening to our U.S. based customers GEODIS’ global capabilities in the EU and elsewhere, we aim to enhance our existing customer relationships and attract new ones," said Randy Curran, CEO of OHL.
Founded in 1951, OHL operates in more than 120 distribution centers in North America with more than 36 million square feet of flexible warehouse space, and provides integrated global supply chain management solutions including transportation, warehousing, customs brokerage, freight forwarding, and import and export consulting services.
GEODIS says it offers custom solutions in over 67 countries through its five lines of business: supply chain optimization, freight forwarding, contract logistics, distribution and express, and road transport. GEODIS’s annual revenue amounts to $7.3 billion.
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