We are pleased to announce that the Holon-Translink team has finalised the sale of 100% of the shares of the family-owned company Spedimex - a leader in contract logistics specialising in serving the e-commerce, fashion and beauty industries. The investor is French company ID Logistics, a leading European player in contract logistics.
The transaction remains subject to the approval of the competent Polish antitrust authorities. The acquisition is expected to be completed by June 2023.
“I am very grateful to the Holon-Translink team for handling this complex process smoothly and safely. Holon-Translink's extensive access to foreign investors proved to be the key to success, putting our family business in the best possible hands to guarantee future growth and security. At the same time, thanks to Holon's creativity in finding solutions and ability to overcome problems, we were able to negotiate very favourable transaction terms. Our success would not have been possible without full mutual trust.” - said Marcin Bak, CEO and owner of the company.
Spedimex has specialized to become a key independent player in contract logistics in Poland with recognized expertise in the fashion and e-commerce sector for major international and Polish brands, as well as in cosmetics. In addition to contract logistics, Spedimex offers a solid distribution and transport network, value-added logistics services or detail preparation. Spedimex has developed an asset-light model and operates in 15 sites across the country representing 230,000 m².
The company has implemented sophisticated mechanization and technology solutions capable of managing large and complex flows such as, for example, stores and e-commerce returns from more than 15 European countries for a single customer. In recent years, Spedimex has significantly increased its turnover to reach PLN 510 million (€ 109 million) in 2022.
The company was founded in 1993 by the Bąk family. Today, it employs 2000 people. Marcin Bąk, a representative of the second generation of owners, is today the main shareholder and CEO.
ID Logistics, managed by Eric Hémar, is an international contract logistics group with revenue of €2.5 billion in 2022. ID Logistics manages 365 sites across 17 countries representing more than 8 million square meters of warehousing facilities in Europe, America, Asia and Africa, with 30,000 employees.
This strategic acquisition is motivated by the close proximity of cultures and the very similar business models of the two companies: asset light approach, dedicated warehouses, solutions adapted to the specific needs of each operation. The complementarity of customer portfolios and technical expertises between Spedimex and ID Logistics will also allow the development of significant commercial synergies, in particular for leading international customers.
Finally, in a dynamic of post-Covid industrial relocation, ID Logistics is strengthening its position in a very dynamic market in Europe which already plays a central role in the current reorganizations of supply chains. With the acquisition of Spedimex, ID Logistics becomes one of the leaders in the Polish market with 35 sites, 7,000 employees and a portfolio of leading industrial customers, retailers and e-merchants.
Eric Hémar, Chairman and CEO of ID Logistics: “We are particularly pleased with the acquisition of Spedimex. We have a very similar culture and values, in particular the cult of customer proximity and innovation. This acquisition leads us to become one of the leaders on the Polish market which is one of the most dynamic in Europe and brings us a portfolio of new leading customers that we will develop in other countries of the Group.”
Marcin Bąk, Chairman and CEO of Spedimex: “We are happy to join forces with ID Logistics, which will allow our customers to take advantage of global logistics solutions. During the past 30 years, we have gradually developed our business, transforming it into a logistics operator with a potential of over 230,000 m2 of warehouse space and a team of 2 000 people. We are extremely proud of the international portfolio of brands that have trusted us. The innovative business model and international potential of ID Logistics Group are what I am excited about. I am convinced that our common values, such as professionalism, commitment, and innovation, will allow us to continue developing our clients and employees in the future.”
Yann Belgy, CEO of ID Logistics Poland:“Spedimex has developed excellent know-how and built a fantastic team. We are very excited and pleased that it will join our company. I am also deeply convinced that it will allow us to deliver even more value, and more opportunities to all Spedimex and ID Logistics customers and employees.”
The Holon-Translink team acted as exclusive transaction advisor to the owner of Spedimex in the transaction process including preparation of the company for sale, identification of investors, negotiation of key transaction terms, examination of the company and negotiation of transaction agreements. Legal assistance for the seller was provided by the SSW law firm. The advisors of the buying side included Hogan Lovells (legal advisory), JP Weber (financial and operational due diligence) and DZP law firm (legal and tax due diligence).
Spedimex, managed by Marcin Bąk, is a privately owned contract logistics company in Poland, provider of solutions in supply chain management. It offers complete solutions in storing and distribution of goods. Spedimex has a network of cargo handling terminals located in strategic regions of Poland. Based on the road transport, the company offers distribution service nationwide and in Europe, including full service for grouping and full truck load transports. In addition to standard storage services, the company offers all operations accompanying logistics, such as packing and sorting goods, labeling, completing sets and quality control. Spedimex manages over 230 thousand square meters of warehouse area, employs 2000 people and its turnover reached PLN 510 million (€ 109 million) in 2022.
About ID Logistics
ID Logistics, managed by Eric Hémar, is an international contract logistics group with revenue of €2.5 billion in 2022. ID Logistics manages 365 sites across 17 countries representing more than 8 million square meters of warehousing facilities in Europe, America, Asia and Africa, with 30,000 employees. With a client portfolio balanced between retail, e-commerce and consumer goods, ID Logistics is characterized by offers involving a high level of technology. Developing a social and environmental approach through a number of original projects since its creation in 2001, the Group is today resolutely committed to an ambitious CSR policy. ID Logistics shares are listed on the regulated market of Euronext Paris, compartment A (ISIN code: FR0010929125, Ticker: IDL).