Cargo Breaking News
The Bolloré Group has acquired a majority stake in OVRSEA, a digital freight forwarding company that harnesses technology to simplify and optimise international transport for businesses. The alliance demonstrates the complementary fit between Bolloré Logistics and OVRSEA. Together, the two firms will bring businesses greater simplicity, transparency and responsiveness in the management of their international transport and at the same time contribute to the development of French expertise internationally. The alliance will enable OVRSEA to open up to new markets by relying on Bolloré Logistics’ experience and network of global sites, while preserving its philosophy, management and employees. The people behind the success of the start-up remain more committed than ever to writing this new chapter and the company intends to double its workforce by the end of the year. And by 2025, OVRSEA aims to achieve annual revenue of €200 million.For its part, Bolloré Logistics will be able to expand its range of services and provide its customers with an all-digital experience.
“The Bolloré Group is investing in OVRSEA because it is convinced of its potential. In just three years, the French start-up has revolutionised the international freight-forwarding sector by developing a 100 per cent digital platform designed to make global trade easier for its customers. Our acquisition of a majority stake in OVRSEA will serve to step up our digitalisation,” said Cyrille Bolloré, Chairman of the Bolloré Group.
