GEODIS buys OHL
GEODIS, the European supply chain operator owned by SNCF Logistics, has agreed to buy US-based third-party logistics provider Ozburn-Hessey Logistics (OHL). OHL operates more than 120 distribution centres in North America with over 36 million square feet of warehouse space. GEODIS said that OHL’s annual revenue is reported to be €1.2bn.
“We are proud to welcome the customers and employees of OHL to GEODIS and to provide our global customers with OHL’s expertise and presence in the North American market” says Marie-Christine Lombard, CEO of GEODIS. “Likewise GEODIS offers a second to none Global footprint for North American corporations and the clients of OHL seeking to grow internationally.”
GEODIS operates in more than 67 countries through its five lines of business: Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express and Road Transport. With over 120,000 customers and 30,000 employees, GEODIS’s annual revenue amounts to €6.8bn.
Earlier this year, GEODIS has unified all its activities under the GEODIS brand. In its statement about the deal published yesterday (17 August), the company said that “in time, OHL will also be rebranded GEODIS”.
OHL has a strong track record in direct-to-consumer fulfilment specialising in apparel, electronics, healthcare, food and beverage, and consumer packaged goods. The firm is currently owned by private equity firm Welsh, Carson, Anderson & Stowe (WCAS).
GEODIS said the deal will be closed “after completion of the usual regulatory approvals”. The company did not disclose the amount of money involved in the deal.