Monday, May 20, 2024
EHDH has finalised acquisition of Movianto

EHDH has finalised acquisition of Movianto

EHDH has finalised the first half of 2020 acquisition of Movianto from Owens & Minor. This transaction would create the European leader in transport and logistics services dedicated to the pharmaceutical sector. Stéphane Baudry, chairman and CEO of EHDH, will remain the group’s majority shareholder.

The proposed transaction fits with the strategy and vision of both groups. Thanks to this structuring acquisition, EHDH would be able to leverage Movianto’s geographical coverage, reputation and resources to offer the first “one-stop-shop” logistics solution throughout Europe. Selling Movianto would also allow Owens & Minor to focus on its core value proposition.

Stéphane Baudry, CEO of EHDH comments on this operation: “The quality of operations, the solid reputation and the values of Movianto are perfectly consistent with EHDH. This opportunity comes at a key moment in our development and in response to market demand for a single contact to handle all logistics and transport services at European level.”

The contemplated transaction is subject to ordinary closing conditions, regulatory approvals and mandatory works council discussions. Once this process has been completed, the transaction is expected to be completed in the first half of 2020.

Picture of James Graham

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.

Newsletter

Stay informed. Stay ahead. To get the latest air cargo news and industry trends delivered directly to your inbox, sign up now!

related articles

AGI Global Logistics appoint Nicky Woodman as Manchester Co-Director

SAUDIA CARGO ACHIEVES RECORD-BREAKING SUCCESS IN THE FIRST QUARTER OF 2024

Asia Pacific tonnages partially rebound following Labour Day dip