ID Logistics: completes Spedimex acquisition in Poland
(CercleFinance.com) - ID Logistics announces that it has completed the acquisition of Spedimex, a major player in contract logistics in Poland, an expert in fashion and e-commerce, and which posted sales of E109m in 2022.
This transaction, which strengthens ID Logistics' presence in Poland with 15 new sites, was 70% paid for in new ID Logistics shares (E53.9m) and 30% in cash (E23.5m).
With the acquisition of Spedimex, ID Logistics becomes the market leader in Poland, with 35 sites, 7,000 employees and a prime customer portfolio comprising manufacturers, distributors and e-tailers, it said.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
This transaction, which strengthens ID Logistics' presence in Poland with 15 new sites, was 70% paid for in new ID Logistics shares (E53.9m) and 30% in cash (E23.5m).
With the acquisition of Spedimex, ID Logistics becomes the market leader in Poland, with 35 sites, 7,000 employees and a prime customer portfolio comprising manufacturers, distributors and e-tailers, it said.
Copyright (c) 2023 CercleFinance.com. All rights reserved.