Transport and logistics provider Gefco, which is majority-owned by Russian Railways, has signed an agreement with private equity firm Nimbus to take over IJS Global, a provider of services in the high and heavy, pharmaceutical and energy sectors (amongst others).
According to the company the move is designed to grow its provision of services beyond automotive while gaining greater global coverage, namely in Asia and the US. Gefco said the buyout will also bolster its expertise in air and sea freight, areas in which IJS Global is a specialist. IJS operates in over 150 countries and serves 350 destinations.
“The acquisition of IJS Global is fully in line with our development strategy,” said Luc Nadal, chairman Gefco’s management board. “This operation will allow Gefco to enhance its position as the preferred partner of international industrial companies. Our mission is to bring value to our customers’ supply chains while enabling them to achieve greater growth and competitiveness.”
Sjoerd Van Loon, CEO of IJS Global, added: “We are delighted to join the Gefco Group, a global leader in high value-added logistics. The networks of both companies are complementary and will significantly contribute to our service offer in all of the world’s key markets. We are looking forward to combining the knowledge and experience of our teams to help us grow.”