Getlink expands customs formalities services with A.S.A and BIMS acquisition

Getlink SE (Paris: GET) has expanded its footprint in customs formalities services with the acquisition of Associated Shipping Agencies (A.S.A) and its subsidiary Boulogne International Maritime Services (BIMS). These two companies play a crucial role in handling customs clearance processes for hauliers, carriers, and shippers moving goods between France and the United Kingdom. The acquisition is a strategic move to simplify customs requirements that have become more complex in the post-Brexit era, ensuring smoother trade operations across the cross-Channel trade network.

With operations in Calais, Boulogne-sur-Mer, and Dunkirk, A.S.A and BIMS have built a strong presence in key port areas, helping businesses navigate customs and sanitary formalities that have been mandatory since the UK left the European Union. Their expertise in customs services, along with additional shipping agency and logistics support, makes them valuable assets for Getlink’s long-term strategy to expand its presence in the freight transport market.

Why Is Getlink Expanding Its Customs Formalities Services?

The UK’s exit from the EU has introduced new regulatory hurdles for businesses engaged in cross-Channel trade. Customs declarations, sanitary checks, and compliance requirements have added layers of complexity to shipping processes, increasing the demand for efficient and streamlined customs formalities services. A.S.A and BIMS have been at the forefront of managing these challenges, ensuring that trade remains efficient despite the regulatory burden.

By acquiring these companies, Getlink is positioning itself as a leading independent provider of digitalised customs solutions. This move complements the company’s existing customs services, allowing it to integrate advanced automation and digital tracking to improve processing times and compliance standards. The acquisition also strengthens Getlink’s ability to provide a seamless, end-to-end customs management experience for logistics companies and freight operators.

How Does This Acquisition Fit into Getlink’s Long-Term Strategy?

The acquisition of A.S.A and BIMS follows Getlink’s purchase of ChannelPorts Ltd in April 2024, demonstrating a clear commitment to expanding its customs formalities services. These moves align with Getlink’s vision of creating a one-stop customs clearance solution that enhances efficiency and reduces transit delays. By consolidating its services under Getlink Customs Services, the company is building a comprehensive division dedicated to cross-Channel trade facilitation.

Yann Leriche, CEO of Getlink SE, emphasised that the acquisition strengthens the company’s advisory and logistics offerings. He highlighted that integrating A.S.A and BIMS will enhance Getlink’s ability to support businesses moving goods between the UK and EU, reinforcing its expertise in freight transport market solutions. He further noted that the transaction complements the company’s customs formalities services, improving its ability to provide digitalised, customer-focused solutions.

What Impact Will This Have on the Freight Transport Market?

The freight transport market has undergone significant changes since Brexit, with businesses seeking reliable customs partners to navigate evolving regulations. Getlink’s expansion into customs formalities services strengthens its role as a critical logistics provider, offering solutions designed to reduce paperwork, enhance efficiency, and ensure compliance with EU-UK trade agreements.

The acquisition is expected to provide businesses with improved access to automated customs processing, minimising administrative delays and reducing costs associated with regulatory compliance. As more companies look for seamless customs clearance options, Getlink’s expanded offerings will cater to a growing demand for integrated digital solutions in cross-Channel trade.

How Has Getlink Performed Financially Amid This Expansion?

While Getlink has been expanding its customs services, the company has also faced revenue fluctuations. In 2024, Getlink reported a 12% decline in consolidated revenue, reaching €1.614 billion. This decline was largely due to a reduction in ElecLink‘s electricity transport earnings, which dropped 50% to €280 million following the suspension of operations in September.

Despite this, Getlink’s core business segments remained resilient. Eurotunnel revenue increased by 3% to €1.166 billion, driven by steady demand for Truck Shuttles and Passenger Shuttles. The company’s rail freight subsidiary, Europorte, recorded a 12% revenue increase, reaching €168 million, supported by strong traction activity in France. While ElecLink’s earnings declined, the company remains confident in achieving an EBITDA target of €780 million to €830 million for 2024, citing effective cost control measures and diversification across revenue streams.

What Are the Growth Prospects for Getlink’s Customs Services?

As regulatory requirements for cross-Channel trade continue to evolve, the demand for streamlined customs formalities services is expected to grow. Getlink’s acquisition of A.S.A and BIMS positions the company as a market leader in customs clearance solutions, offering businesses a digital-first approach to trade compliance.

The integration of A.S.A and BIMS into Getlink Customs Services allows the company to leverage automation and AI-driven solutions to improve the speed and accuracy of customs declarations. These advancements will help businesses navigate post-Brexit trade more efficiently, ensuring minimal disruption to their supply chains.

Looking ahead, Getlink’s expansion strategy is set to play a crucial role in strengthening cross-Channel trade. By offering seamless customs processing, regulatory expertise, and end-to-end logistics solutions, the company is well-positioned to support businesses in overcoming trade barriers and optimising their shipping operations.