French logistics giant Geodis has acquired US company Ozburn-Hessey Logistics (OHL) for an undisclosed amount.
Founded in 1951, OHL is said to be one of the leading 3PL companies in the world, operating more than 120 value-added distribution centres in North America.
“We are proud to welcome the customers and employees of OHL to Geodis and to provide our global customers with OHL’s expertise and presence in the North American market,” commented Geodis CEO, Marie-Christine Lombard – adding that OHL will be rebranded Geodis.
With over 120,000 customers and 30,000 employees, Geodis specialises in supply chain optimisation, freight forwarding, contract logistics, distribution and express, as well as road transport – generating annual revenue of around €6.8 billion.
OHL, meanwhile, employs more than 8,000 people and focuses on direct-to-consumer fulfillment, serving a wide range of business sectors from specialty retail to manufacturing. OHL’s annual revenue is reported at €1.2 billion.
“We are excited to join forces with Geodis and look forward to the extended reach of a worldwide Group,” said Randy Curran, CEO of OHL.
OHL is currently owned by private equity firm Welsh, Carson, Anderson & Stowe but will become part of Geodis after regulatory approvals have been obtained.