Archives



Business, Forwarding, Freight News, Logistics


Geodis completes US purchase

[ October 11, 2022   //   ]

Geodis has completed its acquisition of US-based Need It Now Delivers following regulatory approvals. The acquisition significantly expands GEODIS’s US presence in contract logistics and final mile delivery.

Based in Keasbey, New Jersey, Need It Now Delivers has a strong presence in the East, including over 65 company locations and more than 300 interconnected distribution points. It has a workforce of over 2,000 employees and serves over 1,600 customers in sectors including apparel, electronics, home furnishings, automotive products and medical supplies.

In addition to omnichannel and final mile capabilities, Need It Now Delivers offers logistics services including white glove home delivery, direct-to-consumer parcel delivery, contract logistics and same day logistics.

Geodis chief executive Marie-Christine Lombard said: “The completion of the Need It Now Delivers acquisition will accelerate our continued growth in the US, which has become an essential market for GEODIS, as we remain committed to building a fully integrated network of transport and logistics hubs globally.

“This acquisition allows Geodis to expand our offerings in a consolidating market and solidify our position as one of the world’s top 10 leading logistics providers.”

President and chief executive of Geodis Americas, Mike Honious, added: “I am confident the combination of our two organizations will create a powerful set of end-to-end logistics solutions to best support our customers’ growth.”

With the completion of the Need It Now Delivers acquisition, GEODIS now employs 15,000 people in the US and more than 17,000 in the Americas and operates over 200 locations totaling 52.9 million square feet of warehousing space domestically. The combined organizations would have generated $3.7 billion for full year 2021 in the US.

Tags: