Geodis has acquired MF Cargo, a transport business serving FMCG and Retail clients in Hungary with a proprietary truck fleet. MF Cargo is complementary to Geodis Hungary, being a frequent transport subcontractor for Geodis for key clients.
With the acquisition of MF Cargo, Geodis achieves several objectives:
– respond to local market demand and reinforce the client portfolio,
– develop a true national distribution network in Hungary while improving Geodis’s capabilities for transporting international flows among the countries adjoining the
– position Geodis among the Top 3 logistics service providers in Hungary,
– become the local leader in FMCG and Retail logistics.
Jean-Louis Demeulenaere, CEO of Geodis, concluded: “I am very pleased with this acquisition. It advances our strategic priorities and enables us to broaden our capabilities
with specific expertise and assets that will attract key clients in Hungary and more generally in Eastern and central Europe.”
MF Cargo key figures
Estimated 2011 revenue: €21 million
Specialist in the transport for the FMCG and Retail sectors
Fleet : 154 tractors and 169 semi-trailers
Geodis: a global logistics provider – www.geodis.com
A global logistics provider and wholly-owned subsidiary of SNCF Group, Geodis is a European company with a worldwide scope, ranking number four in its field in Europe. The Group’s ability to coordinate all or part of the logistics chain (air and sea freight forwarding, groupage, express, contract logistics, transport of part and full
truck loads, reverse logistics, supply chain coordination and optimisation) enables it to support its customers in their strategic, geographical and technological developments, providing them with solutions tailored to optimising their material and information flows. Geodis offers a range of logistics services that meet the specific needs of each sector of the economy. Across a network covering 120 countries, the Group’s 31,000 employees offer a wealth of multicultural experience, a genuine local service to their customers and outstanding flexibility. Geodis reported revenues of €6.9 billion in 2011.
Press contacts :
Tel : +33 (0)1 40 70 95 93
Directeur de la Communication
Tél. : + 33 (0)1 56 76 72 36