GEODIS Announces Completion of OHL Deal
GEODIS has received the regulatory approvals and officially completed the acquisition of OHL (Ozburn-Hessey Logistics). Based in Nashville, Tennessee, OHL is a third-party logistics provider with annual revenue in excess of $1.3 billion.
The combined GEODIS-OHL structure will generate annual revenues of over $8 billion and will have over 38,000 employees and 165,000 customers. With 400 logistics warehouses in the world, additional freight forwarding capability and enhanced e-fulfillment expertise, GEODIS has expanded its global footprint and built a solid platform to better serve its clients with this acquisition.
“The acquisition is a great achievement for GEODIS and a significant step toward our strategic plan to be the global growth partner for our clients,” said Marie-Christine Lombard, CEO of GEODIS. “This acquisition allows us to offer a market leading set of solutions on a global level with enhanced expertise at each phase of the supply chain.”
“The merger of our two companies makes outstanding sense,” said Randy Curran, CEO of OHL. “It’s a great opportunity for OHL and its employees to join GEODIS which is recognized for its high-quality service level, professionalism and broad global, logistics capabilities. By offering GEODIS’ European customers our capabilities and opening to our U.S.-based customers GEODIS’ global capabilities in the EU and elsewhere, we aim to enhance our existing customer relationships and attract new ones.”
Founded in 1951, OHL operates over 120 value-added distribution centers in North America with 36 million square feet of flexible warehouse space, and providing integrated global supply-chain management solutions including transportation, warehousing, customs brokerage, freight forwarding, and import and export consulting services.
Employing over 8,000 transportation and fulfillment professionals, OHL has experience in direct-to-consumer fulfillment, serving a wide range of business sectors from specialty retail to manufacturing. OHL specializes in the sectors of apparel, electronics, healthcare, food and beverage, and consumer packaged goods.
GEODIS offers tailor-made solutions in over 67 countries through its five lines of business: supply-chain optimization, freight forwarding, contract logistics, distribution, and express and road transport. With over 120,000 customers and 30,000 employees, GEODIS’s annual revenue amounts to $7.5 billion.
In time, OHL will also be rebranded as GEODIS.
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