GEODIS Buys Keppel Logistics
April 6, 2022
has signed a binding agreement to acquire Keppel Logistics. The
project will significantly increase GEODIS’ Contract Logistics
footprint and eCommerce fulfillment services in Singapore and
Marie-Christine Lombard, Chief Executive Officer of GEODIS,
commented: “The acquisition of Keppel Logistics will mark a key
milestone in GEODIS’ Asia-Pacific ambitions. Keppel Logistics is a
well-established regional player, with a strong focus on innovation.
Through this acquisition which will combine GEODIS’ worldwide
leadership with Keppel Logistics’ robust local footprint, we believe
we can create great value for our customers, facilitating their
growth, particularly in the eCommerce Asian market”.
Based in Singapore, Keppel Logistics is a Contract Logistics
specialist with close to 500 employees. Active throughout Southeast
Asia, Keppel Logistics (ranked in the top 5 contract logistics
players in Singapore) owns over 200,000m2 of warehouse space in
Singapore, Malaysia and Australia. The company offers end-to-end B2B
and B2C logistics solutions, from warehousing to last mile delivery,
with strong skills in eCommerce omnichannel service offerings thanks
to its fast-growing UrbanFox platform.
This project is a significant step along GEODIS’ strategic roadmap
for the Asia Pacific region, where GEODIS currently employs 3,700
people spread over 76 sites. The acquisition will reinforce GEODIS
as a leading logistics service provider, further expanding its
footprint by adding to recent investments in contract logistics
sites in India, South Korea and Australia.
Boots, President and CEO of GEODIS Asia-Pacific said: “As one of the
leading logistics providers, we are continuously looking for ways to
evolve the region’s supply chain and our clients’ eCommerce
ecosystem. The acquisition will strengthen our contract logistics
and digital omnichannel capabilities, elevate our end-to-end
logistics solutions and bring greater value to customers across the
region. By enhancing our eCommerce services, we will provide brands
with the ability to scale their online presence seamlessly and
effectively navigate supply chain challenges to accelerate their
growth in this region”.
Thomas Pang, CEO of Keppel Telecommunications & Transportation
added, “For over 50 years, Keppel Logistics has been providing
customised integrated logistics in Singapore. We believe the
integration of Keppel Logistics as part of GEODIS will help
accelerate Keppel Logistics’ growth, allowing it to scale up and
provide even better value propositions to both its customers and
The acquisition is subject to regulatory review and approvals, which
are expected to be obtained by end of Q2 2022. Both companies will
operate as independent businesses and run their operations as usual
until that time.