Pharmaceutical logistics provider EHDH is to acquire Movianto from Owens & Minor.
EHDH said it would be able to use Movianto’s geographical coverage to offer it’s first “one-stop-shop” logistics solution throughout Europe.
EHDH chief executive Stéphane Baudry said: “The quality of operations, the solid reputation and the values of Movianto are perfectly consistent with EHDH.
“This opportunity comes at a key moment in our development and in response to market demand for a single contact to handle all logistics and transport services at European level.”
The transaction is expected to be completed in the first half of this year.
EHDH employs 2,600 people and has 300,000 sq m of space across 160 locations in France, Belgium, The Netherlands and Luxemburg. It has a turnover of €650 million and runs across three divisions: CSP for logistics; Eurotranspharma for health products transport and Cibex for B2B express.
Movianto employs approximately 2,500 people a cross its network of 20 warehouses in 11 European countries including the UK.