Geodis takes over Swiss provider ITS
Geodis has acquired ITS - International Transport & Shipping in Switzerland. ITS is an independent Swiss freight forwarder, founded in 1992 and headquartered in Reinach, in the canton of Baselland.
The company’s main offering is high-tech “special services”, organising transport and logistics for dedicated projects and outsized equipment for the industrial, automotive and defence sectors. ITS also provides standard ocean freight and general cargo services, as well as other ancillary services (oil and food, event logistics, artwork transportation, customs brokerage, etc.).
ITS employs 26 people and reported revenues of CHF 58 million in 2022. It will join the Geodis global freight forwarding line of business and will report into the company’s region Europe.
Geodis is a logistics provider owned by the French SNCF group. Its global network spans nearly 170 countries and has more than 49,400 employees. It generated EUR 13.7 billion in revenue in 2022. (ben)