Geodis, a global leader in the transport and logistics sector, has signed a binding agreement to acquire Keppel Logistics. The project will significantly increase Geodis’ contract logistics footprint and e-commerce fulfilment services in Singapore and South East Asia.

Marie-Christine Lombard, chief executive officer of Geodis, says: “The acquisition of Keppel Logistics will mark a key milestone in Geodis’ Asia Pacific ambitions. Keppel Logistics is a well-established regional player, with a strong focus on innovation. Through this acquisition, which will combine Geodis’ worldwide leadership with Keppel Logistics’ robust local footprint, we believe we can create great value for our customers, facilitating their growth, particularly in the e-commerce Asian market.”

Based in Singapore, Keppel Logistics is a contract logistics specialist with close to 500 employees. 

Active throughout South East Asia, Keppel Logistics owns over 200,000 sqm of warehouse space in Singapore, Malaysia and Australia. 

The acquisition is subject to regulatory review and approvals, which are expected to be obtained by end of Q2 2022.

Both companies will operate as independent businesses and run their operations as usual until that time.