GEODIS announces acquisition of DEVOLUY
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GEODIS has announced the acquisition of DEVOLUY, a freight transport business based in the Hautes-Alpes region of France.
GEODIS claims the deal gives them a foothold in one of the few parts of France where the Group does not have a direct presence in the groupage business.
The company adds that the acquisition strengthens its 12/24- and 24/48-hour distribution capacity in the Hautes-Alpes.
Founded in 1932, transports DEVOLUY is a family-owned company specializing in distribution and express services to and from the Hautes-Alpes. It employs around forty people and runs a fleet of about sixty vehicles.
The company delivers more than 1,200 parcels per day throughout the area, from Gap to Briançon, including distribution to winter sports resorts during the winter.
Commenting on the deal, Stéphane Cassagne, CEO France for GEODIS, said:
“Transports DEVOLUY is recognized for its quality of service and its expertise in delivering to mountain regions. Our long-standing partnership will be the basis for a successful integration as part of GEODIS. I am very glad to welcome the 46 employees of Transports DEVOLUY to our French network of 110 Distribution & Express agencies.”
Yann Pacalet, Chairman of Transports DEVOLUY, added:
“After several decades of partnership, it feels quite natural for Transports DEVOLUY to become part of the GEODIS group. For the company, for our employees and for our customers, this merger will create new openings.”