France’s Berto Group acquires Dutch firm Vincent Logistics
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The Berto Group has taken over Vincent Logistics, the latter party announced today on its website. Vincent Logistics said it had agreed to the deal “in order to secure its future and position itself favourably to meet the challenges ahead".
Founded in 1963 by Emile Berto, France’s Berto Group is now a family-owned ETI (Entreprise de Taille Intermédiaire). The company provides rentals of industrial vehicles with or without drivers. The company said that it wanted to acquire Vincent Logistics as part of its plan for “controlled external growth”.
The acquisition deal has seen the Berto Group, based in Avignon, acquire all shares in Vincent Logistics. The acquired company’s operational managers will all remain in their positions, while Vincent Logistics’ legal name will also remain unchanged.
In 2021, the Berto Group, which employs around 4,000 people, generated turnover of almost EUR 350 million. It operates mainly in France, but also in Poland, Spain, Italy, Germany and Morocco.
The Berto Group believes that profound changes in the transport and logistics sector in recent years mean that SMEs such as itself will “have to adapt or disappear”.
The company thus concluded that the integration of Vincent Logistics into the Berto Group seemed “necessary and desirable”.
“Over and above these considerations, our two companies share strong values of humanism, boldness and integrity towards our employees and customers, as well as a clear commitment to the environment and to reducing greenhouse gases,” said Vincent Logistics, in a statement.