DPD 2021 in full swing 
France-headquartered DPD group, an affiliate of Geo Post, has reported its results for 2021. Revenues amounted to EUR 14.7 million, a 14.8% increase compared to 2020, while operating profit went up by 25%, passing the mark of EUR 1 billion (EUR 1.06 billion). 2.1 billion parcels... more
Series B funding round raises USD 40 million
Berlin-headquartered start-up Instafreight recently closed is Series B funding round at USD 40 million. The financing round was led by Heliad and the European Investment Bank (EIB). All previous investors also participated in this round. EIB vice president Ambroise Fayolle... more
Vygon takes over distributor in Peru
France-based Vygon, a global medical devices group, has acquired Macatt Medica, a distribution company headquartered in Lima (Peru). Founded in 1997, Macatt Medica has been distributing the majority of Vygon’s products, including a wide range of enteral nutrition products,... more
MBO at Le Roy Logistique
Rennes (France)-based Le Roy Logistique group, which was founded in 1947, has sold the majority of its capital to more than 20 executives, including its president Serge Rambault. The traditional shareholders are staying on board. The Le Roy family and Alian Industries will keep... more
Timar's AEO for customs handling approved
At the beginning of 2022, the Moroccan provider of international transport and logistics services obtained the status of authorised economic operator (AEO) in customs categorised security/safety for its international transport and transit activities. This categorisation,... more
A good year for Geis Group
Geis Group, which is headquartered in Germany, increased its turnover by 19.4% year-on-year to almost EUR 1.2 billion last year. It had recorded a slight decline of 3.3% in 2020. The air + sea services segment proved to be the growth driver in 2021, with turnover up by 60%.... more
3PL Century Logistics is sold
Metro Supply Chain Holdings, an affiliate of Canadian-based Metro Supply Chain, is acquiring Century Logistics, a 3PL headquartered in Suffolk, UK. The price of the transaction was not disclosed. Metro Supply Chain currently manages approximately 4 million sqm in over 80... more
More money for Forto
In its series D financing round, digitised freight forwarding and supply chain provider Forto has raised an additional USD 250 million in investor funds, increasing the company's valuation to USD 2.1 billion. Existing investors were also involved, in addition to banks and funds,... more
Freeports in UK 12 months later
The demand for relocation to the logistics zone at Thames Freeport is growing fast. With the announcement that a new GBP 300 million fourth berth at London Gateway – one of Europe’s biggest infrastructure projects – will create even more capacity for the world’s largest vessels,... more
Dachser expands warehouse in Linz
The German logistics provider Dachser is investing EUR 4.3 million in the expansion of its warehouse in Hörsching near Linz, Austria. The additional storage and logistics space has a footprint of 5,640 sqm and will provide an additional 10,500 pallet spaces to the existing... more