Logista, one of Europe’s largest logistics operators, Belgium expands its business in the Benelux region by acquiring Parcels Service (BPS) for eight million eurosAs reported in a memo that the company sent to the National Securities Exchange Commission this Tuesday. BPS is the leading company in the express distribution of pharmaceutical parcels in Belgium and Luxembourg.
“This strategic acquisition marks a significant milestone in Logista’s expansion in Europe and strengthens its position in the pharmaceutical distribution and courier segment,” Logista said in the note. said. BPS is a company that provides courier services to Belgium and Luxembourg within 24 hours, and to the Netherlands, France and Germany within 24 to 48 hours..
The Belgian company specializes in the distribution of sensitive products, especially temperature-controlled pharmaceutical products, to hospitals and pharmacies. “This acquisition allows us to increase visibility in the Pharma Courier segment in a key area in Europe. It also complements Nacex’s core business.”Logista CEO Íñigo Meirás pointed this out in the note.
This operation follows the acquisition of Speedlink Worldwide Expres (Speedlink) in 2022, which marks Logista’s entry into the Dutch market. “Together with Speedlink, this transaction allows Logista to reach the entire Benelux region and thus expands its presence in Central Europe.”collects the declaration.
More than 25 years of experience
BPS has been present in the transport market for more than twenty-five years, It has a warehouse of 3,500 square meters and carries out nearly 700,000 shipments per year.. The purchase of 100 percent of the company was carried out for approximately 8 million euros, provided that the audited accounts were closed for 2023.
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Purchasing is part of the strategic plan Logista launched two years ago with a focus on diversification both geographical and commercialThrough transactions that allow you to benefit from synergies, improve your market position or expand your business into new markets in Europe.
“With this acquisition, we strengthen our inorganic growth strategy, Expanding Nacex’s business internationally through a specialist distributor with similar quality and service criteria“concludes Logista Corporate Strategy Director Carlos García-Mendoza.