GEODIS strengthens presence in Asia acquires e-com firm

GEODIS has acquired e-commerce specialist Keppel Logistics as the forwarder expands its presence in Asia, read a release. The deal was first announced in early 2022, but GEODIS has obtained all regulatory approvals allowing completion. The statement added that the acquisition would bolster the two firms’ respective e-commerce offerings by combining Keppel Logistics’ delivery service with its own controlled airfreight network and its seafreight and road transport connections across the region. “We are pleased to welcome Keppel Logistics’ customers, employees and management to the GEODIS Group,” said Marie-Christine Lombard, chief executive, GEODIS. “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,” she added.