GEODIS completes acquisition of Need It Now Delivers
GEODIS now operates over 200 locations with 52.9 million square feet of warehousing space.
GEODIS has completed the acquisition of American company Need It Now Delivers following regulatory approvals.
"The acquisition significantly expands GEODIS's U.S. presence in the areas of contract logistics and final mile delivery and strengthens its end-to-end freight network domestically and internationally," says a release from GEODIS.
Based in Keasbey, New Jersey, Need It Now Delivers operates a freight network with a strong presence in the East including over 65 company locations and more than 300 interconnected distribution points, the release added.
Need It Now Delivers has a workforce of more than 2,000 employees and serves over 1,600 customers across a variety of high-growth sectors including apparel, electronics, home furnishings, automotive products and medical supplies. In addition to omnichannel and final mile capabilities, Need It Now Delivers offers logistics services including white glove home delivery, direct-to-consumer parcel delivery, contract logistics and same day logistics, the release added.
"The completion of the Need It Now Delivers acquisition will accelerate our continued growth in the U.S., which has become an essential market for GEODIS as we remain committed to building a fully integrated network of transport and logistics hubs globally," says Marie-Christine Lombard, CEO, GEODIS. "This acquisition allows GEODIS to expand our offerings in a consolidating market and solidify our position as one of the world's top 10 leading logistics providers."
GEODIS customers will now have access to expanded transportation management and warehousing capabilities in the U.S. while Need It Now Delivers clients will have the opportunity to bolster their global supply chains with new access to GEODIS's international freight forwarding and contract logistics networks for a comprehensive solution.
"GEODIS acquired Need It Now Delivers due to its proven and dedicated team, expansive national network with a commitment to best-in-class service, and diverse and longstanding customer relationships in high-growth industry verticals," says Mike Honious, President & CEO, Americas, GEODIS. "I am confident the combination of our two organisations will create a powerful set of end-to-end logistics solutions to best support our customers' growth."
With the completion of the acquisition, GEODIS now employs approximately 15,000 in the U.S. (with more than 17,000 employees in the Americas region) and operates over 200 locations with 52.9 million square feet of warehousing space. The combined organisations would have generated $3.7 billion for full year 2021 in the U.S, the release added.