Investment in Benelux specialist
70% of the shares of Speedlink Worldwide Express have been sold to Logista, a provider of express (time critical) deliveries to and from Belgium and the Netherlands. The purchase contract includes an option to acquire the remaining 30% in the next three years.
Founded in 1995 by Dennis Scheltema, Speedlink has served as the exclusive agent of Nacex - a Logista’s company - for the Benelux countries, since 2006.
Scheltema will remain at the head of the unit. The company, based in Hoofddorp, near Schiphol Airport, has around 30 employees and serves the healthcare, high-tech, automotive and e-commerce sectors.
The takeover reinforces Logista's position in medical/healthcare distribution and expands its service portfolio outside the Iberian Peninsula. Speedlink provides its express delivery services mainly in Spain, Portugal, Germany and UK.
The transaction will be paid in cash, with a maximum amount of EUR 18.5 million for the acquisition of the 70% stake in the company, based on an earn-out model. (sh)