FRENCH transport and logistics company, Geodis has reached an agreement with the American investment firm Innova Capital for the acquisition of Pekaes, an LTL (Less-Than-Truckload) and FTL (Full-Truckload) network in Poland.
Pekaes was established in 1958 and operates one of the leading FTL and LTL network in Poland for palletised freight. With 20 branches covering the whole country, it handles all the national and international flows of some 10,000 active customers. The company also carries out, intermodal road-rail transport operations and offers additional logistics services on six dedicated sites, while it employs around 1,200 people.
"This acquisition is a major step forward to consolidate Geodis' presence in this region, which we consider strategic for the group's development," said Geodis CEO Marie-Christine Lombard, who added that the complementary customer portfolios and the combined capabilities of the two companies "will allow us to offer Polish companies extensive international opportunities, while customers will benefit from Peake's expertise in Poland, which is the third-largest logistics market in Europe."