ID Logistics acquires Spedimex to bolster presence in Polish contract logistics market
French contract logistics and supply chain management company, ID Logistics, has successfully acquired 100% of Spedimex, a contract logistics firm in Poland, for an enterprise value of PLN 350 million (€77 million).
The acquisition, which was initially announced in March 2023, further strengthens ID Logistics’ position in the Polish market.
Founded in 1993, Spedimex has established itself as a key player in contract logistics within Poland, particularly excelling in the fashion, e-commerce, and cosmetics sectors, catering to both international and domestic brands. Aside from contract logistics services, Spedimex boasts a robust distribution and transport network, as well as offering value-added logistics services and meticulous preparation.
With operations across 15 sites in the country, encompassing an impressive total area of 230,000 m², Spedimex has implemented sophisticated mechanization and technology solutions to manage large and intricate flows, including store and e-commerce returns from over 15 European countries for a single customer.
ID Logistics, led by Eric Hémar, reported revenues of €2.5 billion in 2022. With a presence across 17 countries and a network of 365 sites, ID Logistics manages more than 8 million square meters of warehousing facilities worldwide, supported by a dedicated workforce of 30,000 employees.
The acquisition of Spedimex was executed through a combination of cash payment amounting to €23.5 million and the issuance of new ID Logistics Group shares worth €53.9 million to Marcin Bąk, former main shareholder and CEO of Spedimex. This makes Marcin Bąk a 3.2% shareholder of ID Logistics Group.
ID Logistics’ strategic decision to acquire Spedimex stems from the alignment of their cultures and the striking similarities in their business models. Both companies embrace an asset-light approach and operate dedicated warehouses, tailoring solutions to meet the specific requirements of each operation.
The complementary customer portfolios and technical expertise of Spedimex and ID Logistics are expected to foster significant commercial synergies, particularly benefiting leading international customers.
The integration of Spedimex seamlessly aligns with ID Logistics’ strategy of supporting major clients in their expansion efforts across Europe and America.
In summary, ID Logistics’ successful acquisition of Spedimex bolsters its presence in the Polish contract logistics market. The combination of their complementary strengths is set to enhance operational capabilities and unlock new growth opportunities, further solidifying ID Logistics’ position as a leading player in the global logistics industry.