EHDH to acquire Movianto
EHDH – a global service provider in the field of logistics and transport in the pharmaceutical sector and B2B express delivery has announced its intention to finalise the acquisition of Movianto – a logistics and distribution service provider specialising in the healthcare, biotech and pharmaceutical industry from Owens & Minorin in the first half of 2020.
This transaction would create the European leader in transport and logistics services dedicated to the pharmaceutical sector. Stéphane Baudry, Chairman and CEO of EHDH, will remain the group’s majority shareholder.
Stéphane Baudry, CEO of EHDH comments on this operation: “The quality of operations, the solid reputation and the values of Movianto are perfectly consistent with EHDH. This opportunity comes at a key moment in our development and in response to market demand for a single contact to handle all logistics and transport services at European level.”
The contemplated transaction is subject to ordinary closing conditions, regulatory approvals and mandatory works council discussions. Once this process has been completed, the transaction is expected to be completed in the first half of 2020.