The GEFCO Group Announces the Acquisition of IJS Global to Strengthen Its International Air and Sea Freight Services
23.9.2015 09:00 | Business Wire
The GEFCO Group, a global player in logistics for manufacturers and the European leader in automotive logistics, has signed an agreement with the private equity fund Nimbus to acquire the Dutch company IJS Global, specialised in air and sea freight operations.
The complementary nature of the GEFCO and IJS Global businesses – with regard to expertise, geographic networks and customer portfolios – will create value for all of the stakeholders: customers, partners, suppliers and employees.
This acquisition, which is fully in line with GEFCO’s and IJS Global’s growth strategy, will position this new entity as the preferred partner of international manufacturers in their search for growth and competitiveness. It will result into a broader range of global logistics services, dedicated to the optimisation of complex supply chains.
Founded in 2004, IJS Global is a freight forwarding company specialised in the fields of air and sea. Its head office is located in Amsterdam, in the Netherlands. The company currently has around 500 employees and generated turnover of €160 million in 2014. It offers its customers a worldwide coverage thanks to its operational footprint in 16 countries, with expertise centers in the United Kingdom, the Netherlands, Australia, China and South-East Asia, as well as in the USA.
IJS Global is well known among its customers for the reliability of its services and the quality of its commercial relationships. It operates across various business sectors including pharmaceutics, humanitarian relief, high-tech, oil & gas, aerospace and fashion.
Highly complementary expertise and networks
IJS Global’s network greatly complements that of the GEFCO Group which includes forty countries. This acquisition will notably allow GEFCO to develop its presence in the world’s two primary freight forwarding areas: China and South-East Asia on the one hand, and the USA on the other hand. It will also enable GEFCO to extend its European network through greater presence in the United Kingdom, the Netherlands and Germany, while also obtaining a foothold in the Australian market.
Beyond its geographic coverage, GEFCO will further enhance its logistics and transport services with the contribution of IJS Global’s expertise in intercontinental air and sea freight forwarding. Ranging from multimodal transport to storage, customs and tax representation, and the management of integrated coordination of increasingly complex supply chains, the combination of the two companies’ expertise will expand the range of logistics solutions on offer to international customers.
Furthermore IJS Global’s customer portfolio will broaden GEFCO’s customer base and speed up its diversification, while remaining focused on its core logistics activities for manufacturers.
This operation is therefore fully aligned with the GEFCO Group’s external growth strategy; in addition to international development and geographic as well as sector diversification, this strategy aims to create the conditions for ambitious growth by 2020, and strengthen its position as a global logistics player. According to Luc Nadal, Chairman of the GEFCO Management Board: “The acquisition of IJS Global is fully in line with our development strategy. This operation will allow GEFCO to enhance its position as the preferred partner of international industrial companies. Our mission is to bring value to our customers’ supply chains while enabling them to achieve greater growth and competitiveness”.
An industrial project that creates value for all of the stakeholders
The GEFCO and IJS Global tie-up will allow the customers and business partners of both companies to benefit from immediate access to the main market trade flows: trading between South-East Asia and the United States; trading within South-East Asia; trading between Europe and South-East Asia. The Group has a AEO (Authorised Economic Operator) status in Europe and will be able to operate in over 150 countries and connect over 350 destinations , thereby offering its strategic agents and suppliers new trade opportunities.
Sjoerd Van Loon, CEO of IJS Global, comments: “We are delighted to join the GEFCO Group, a global leader in high value-added logistics. The networks of both companies are complementary and will significantly contribute to our service offer in all of the world’s key markets. We are looking forward to combining the knowledge and experience of our teams to help us assist in future growth”.
Furthermore, the strengthening of logistics and sector expertise, combined with the global scale of the GEFCO Group, represent opportunities for sharing best practices and professional development for both the IJS Global and GEFCO teams.
Favourable conditions for successful operational implementation and integration
The complementary nature of the businesses networks, expertise and customers will facilitate the operational and commercial merger between IJS Global and GEFCO. As both companies’ teams share the same culture of operational excellence and reliability, this will enable them to quickly turn this project into a success.
Once the acquisition of IJS Global is completed, all of GEFCO’s freight forwarding (Overseas) activities will be managed by Sjoerd Van Loon, the current CEO of IJS Global.
Luc Nadal concluded by saying: “We have all the assets to become a major Overseas player for all of our international industrial customers. I am confident that our teams – both IJS Global and GEFCO – will demonstrate how skilled and professional they are in listening to the needs of our customers and meeting their needs”.
This deal will be effective after completion of the usual regulatory formalities.
About the GEFCO Group
GEFCO offers to devise and implement logistics plans alongside manufacturers, a source of added-value that strengthens their competitiveness. The performance GEFCO delivers to its customers is based on the expertise acquired over the last 65 years, particularly in the automotive industry, one of the most complex and demanding sectors. Present in 150 countries, GEFCO is one of the top 10 European Groups. It achieved a turnover of €4.1 billion in 2014 and employs 11,500 employees. With over 350 business locations worldwide, GEFCO is developing its activities in Central Asia, Central and Eastern Europe, the Middle-East, East Asia and South America.
About IJS Global
IJS Global, founded in 2004, is a logistics solutions provider offering freight forwarding services and supply chain solutions to customers worldwide. Headquartered in Amsterdam, the Netherlands, IJS Global tailors services for the high tech and electronics, consumer goods, aerospace, defence, off shore & spares industries and has extensive experience & expertise in the healthcare sector.
Om Business Wire
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
Tech21 Announces New Collection Designed to Protect the Samsung Galaxy Note8 Drop After Drop.23.8.2017 17:30 | Pressemelding
Tech21, the leader in impact protection for mobile devices, today announced a new collection of innovative cases and screen shields for the Samsung Galaxy Note8 made of unique, patented impact protection materials that guarantee the most effective drop protection on the market. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170823005888/en/ Evo Tactical for Samsung Galaxy Note8 (Photo: Business Wire) Tech21 products are designed to protect, drop after drop. The company does this by using scientifically proven impact materials, innovative design and a rigorous testing methodology developed in partnership with the National Physical Laboratory. Tech21 cases are drop tested 20 times to ensure durability and long lasting protection able to withstand the multiple drops that occur in the everyday
2018 AQR Insight Award Call for Papers23.8.2017 15:45 | Pressemelding
AQR Capital Management, LLC (“AQR”) today began accepting submissions for the seventh annual AQR Insight Award. The AQR Insight Award recognizes and rewards exceptional academic papers that have practical applications and offer original, intelligent approaches to issues in the investment world. Up to three papers share a $100,000 annual prize. Winners are chosen by the AQR Insight Award Committee, a panel of senior members of the firm, many of whom are leading academic finance experts from top universities. AQR will accept papers on any investment-related topic as long as they deliver clear, significant insights. Papers must not be published before October 1, 2017. The deadline for entries is November 1, 2017. The Committee will then narrow the finalists to five papers, and the authors of those papers will be invited to present their research to
ANA Announces New Online Content "IS JAPAN COOL? DOU"23.8.2017 15:00 | Pressemelding
Today, All Nippon Airways Co., Ltd. (ANA), Japan’s largest and only 5-Star airline, is proud to announce the launch of its new online content “IS JAPAN COOL? DOU,” which illustrates traditional Japanese culture through the use of cutting-edge technology. This content can be seen on “IS JAPAN COOL?,” a website that promotes tourist destinations and popular Japanese cultures to the world. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170823005024/en/ "IS JAPAN COOL? DOU" TOP (Graphic: Business Wire) While Japan is widely known for its unique pop culture, “IS JAPAN COOL?,” which launched in 2012, has put much of its focus on promoting Japan’s modern culture. As the number of tourists visiting Japan exceeded 24 million people as of 2016, the project aims to provide a deeper understa
Emailage Receives $10 Million Growth Equity Investment to Accelerate Global Expansion23.8.2017 14:00 | Pressemelding
Emailage, the leading provider of global fraud prevention and identity verification using email address scoring, today announced that it has received a $10 million growth equity investment. Anthos Capital led the investment, with participation from Radian Capital, Wipro Ventures, Mucker Capital and Tallwave Capital. Emailage will use the funding to expand existing partnerships, further advance its powerful email address-based predictive scoring system, and accelerate growth in North America, EMEA, LATAM and other key markets. “This investment will allow us to continue our rapid growth, enhance our leadership position in the online fraud detection market and deliver significant fraud prevention capabilities to businesses around the world,” said Emailage CEO Rei Carvalho. Emailage’s Software-as-a-Service solution delivers powerful, real-time risk intelligence by leveraging the
Westinghouse to Provide Fuel to PSEG’s Salem Nuclear Generating Station Through Continued Partnership23.8.2017 12:15 | Pressemelding
Westinghouse Electric Company today announced that it has signed a nuclear fuel contract extension with PSEG, a major supplier of nuclear power in New Jersey, to continue providing fuel assemblies for both units at the Salem Nuclear Generating Station. “Westinghouse has been the single-source fuel provider for PSEG’s Salem plant since its start of operations more than 40 years ago, and we are pleased to continue to support this important and long-standing customer through the delivery of safe, reliable high-performance fuel,” said David Howell, president, Americas Region, and chief growth officer at Westinghouse. “This continued partnership is recognition of our reliable fuel performance and confirmation of the important trust PSEG has in Westinghouse.” Under the terms of the contract, Westinghouse will deliver its 17x17 Robust Fuel Assemblies, known as RFA-2. The design of
GN Hearing Announces Availability of Rechargeable Solution for the Recently Launched ReSound LiNX 3D23.8.2017 12:00 | Pressemelding
GN Hearing introduces a rechargeable battery option for the revolutionary ReSound LiNX 3D hearing aids. Available in North America and other major markets from September 1, the rechargeable battery solution gives ReSound users even more options to choose from. The rechargeable option is also available for Beltone Trust in North America, and from September 1 this will be extended to other major markets. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170823005211/en/ GN Hearing has made a rechargeable battery option available for the revolutionary ReSound LiNX 3D hearing aids. (Photo: Business Wire) ReSound LiNX 3D Rechargeable – More Than Just Another Rechargeable Hearing Aid The rechargeable battery option is made available based on a deep understanding of user expectations
I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.Besøk vårt presserom