GEODIS acquires Need It Now Delivers to significantly strengthen its offerings in the United States

NASHVILLE, Tenn., August 16, 2022 /PRNewswire/ — GEODIS, a global leader in transportation and logistics, today announced that it has signed an agreement to acquire US-based Need It Now Delivers. This acquisition will enable GEODIS to significantly increase its presence in United States in the areas of contract logistics and last mile delivery. This acquisition will also strengthen GEODIS’ position among the top ten global logistics providers.

Marie Christine LombardCEO of GEODIS, said: “The acquisition of Need It Now Delivers is a key step by which we will strengthen and diversify our offerings in the United States, providing our customers with a global and integrated end-to-end freight network in United States, from international transport to last mile delivery. This new acquisition represents an important milestone as we continue to make progress on our strategic plan, Ambition 2023.”

Need It Now Delivers operates an extensive national road freight network with over 65 company locations and 300 distribution points, providing strong nationwide coverage, particularly in the east of the country. United States. In order to offer its customers complete port-to-door logistics solutions, the company specializes in distribution, last-mile delivery and multi-channel contract logistics in a wide range of high-growth verticals. Partly owned by management with private equity fund Palm Beach Capital, the New Jerseybased in New York employs approximately 2,000 people and is expected to achieve sales close to $750 million in 2022.

“Our US supply chain business has grown steadily over the past 10 years,” said Mike Honieux, Chairman and Chief Executive Officer of GEODIS in America. “With the services, capabilities and leadership team of Need It Now Delivers, we will expand our offerings and support our customers’ growth strategies.”

This acquisition will strengthen the American presence and the portfolio of e-commerce services of GEODIS, customers being able to benefit from the Group’s expertise in end-to-end supply chain expertise in the areas of freight forwarding, road transport , contract logistics and last mile delivery.

Eric MautnerCEO of Need It Now Delivers, said: “Since our inception in 1987, Need It Now Delivers has grown rapidly to position us as an industry leader, with a particular focus on omnichannel and last mile delivery. Working with GEODIS, our teams can continue to leverage this momentum to provide customers with a broader network of flexible, efficient and reliable services that will ultimately allow us to successfully respond to projected industry dynamics, such as continued growth of e-commerce and increasingly complex supply chains that necessitate the need for omnichannel capabilities.”

Once the transaction is finalized, the GEODIS group will employ approximately 15,000 people at more than 200 sites in the United States and more than 17,000 in the Americas. The combined organizations of GEODIS and Need It Now Delivers would have generated $3.7 billion for the whole of 2021 in the United States

The acquisition is subject to regulatory review and approvals, which are expected to be obtained by the end of 2022. The two companies will operate as independent businesses and conduct business as usual until then.

GEODIS – www.geodis.com
GEODIS is a world leader in transport and logistics recognized for its commitment to helping its customers overcome their logistical constraints. GEODIS’ growth offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express and Road Transport), coupled with the company’s truly global reach through a global network spanning nearly 170 countries, are reflected in its top business rankings: no. 1″ France and no. 7 in the world. GEODIS employs more than 44,000 people worldwide and generated €10.9 billion in revenue in 2021.

PRESS CONTACT

Claire Vaas
GEODIS Group Communication Department
00 33 (0)6 9938 8834
[email protected]

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