Retail in Asia


GEODIS acquires Keppel Logistics to boost e-commerce fulfillment services in Southeast Asia

GEODIS, a global transport and logistics services provider, announced on 31st March that it 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 Southeast Asia.

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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. 

The project is a significant step along GEODIS’ strategic roadmap for the Asia Pacific region. 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.

“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,” commented  Marie-Christine Lombard, Chief Executive Officer of GEODIS,

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The acquisition is subject to regulatory review and approvals, which are expected to be obtained by the end of Q2 2022. Both companies will operate as independent businesses and run their operations as usual until that time.