ID Logistics to acquire third party logistics provider Kane Logistics

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ID Logistics, a European contract logistics firm, has signed a $240 million worth deal to acquire Kane Logistics, an American pure player in value-added warehousing and contract logistics.

The acquisition of the third party logistics provider will help ID Logistics increase its footprint in the US with 20 new locations with a combined area of 725,000m2, new blue-chip customers and experienced management. In particular, the deal allows the European logistics firm to grow its presence in Pennsylvania, Illinois, California, Georgia, and Ohio.

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Eric Hémar — Chairman and CEO of ID Logistics said: “With the acquisition of Kane Logistics, we are opening up new prospects in North America, where we are enhancing our know-how, in particular with consumer package goods customers, and welcoming experienced and dynamic managers to our team.”

ID Logistics to acquire Kane Logistics, a US-based third party logistics provider, for $240m

ID Logistics to acquire Kane Logistics, a US-based third party logistics provider, for $240m. Photo courtesy of Pexels from Pixabay.

The transaction also adds to ID Logistics’ acquisition of Nespresso’s logistics operations in the US two years back.

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Acquired by Harkness Capital Partners in 2019, Kane Logistics has reached $235 million in revenues by 2021 with an annual growth of over 20% since 2019.

Expected to be closed before the summer of this year, the deal is subject to the approval of the US antitrust regulators.

Tony Tegnelia — CEO of Kane Logistics said: “ID Logistics is the ideal next partner to move the Company forward, to serve our customers, and to help maintain our growth trajectory. Their cultural values are a mirror of our values, and they also have a very strongly committed management team.”

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Recently, ID Logistics had completed 100% acquisition of Colisweb, a France-based provider of last mile delivery platform.


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