Business, Freight News, Logistics, Road

Geodis to buy Poland’s Pekaes

[ October 16, 2020   //   ]

Geodis has reached an agreement with Innova Capital for the acquisition of one of Poland’s major road freight operators, Pekaes. Originally a state-owned firm, Pekaes operates a full- and less-than-truckload  FTL and LTL network in Poland for palletized freight with 20 branches and has 10,000 domestic and international customers. The company also carries out, intermodal road-rail transport operations and offers additional logistics services on six dedicated sites. It employs around 1,200 people.

Pekaes will join Geodis’ Road Transport line of business.

Geodis chief executive Marie-Christine Lombard, said: “This acquisition is a major step forward to consolidate GEODIS’ presence in this region, which we consider strategic for the group’s development.  Pekaes has an excellent local geographical coverage and its team is well recognized for its professionalism. Our complementary customer portfolios and our combined capabilities will allow us to offer Polish companies extensive international opportunities, while our customers will benefit from Pekaes’ expertise in Poland, which is the third largest logistics market in Europe.”

The transaction will take effect after completion of the usual regulatory formalities.