Brief: ID Logistics Announces Acquisition Of GVT Transport & Logistics In The Benelux

Id Logistics SAS

10/11/2021 06:48

Nov 10 (Reuters) - ID LOGISTICS SAS  IDLA.PA :
    * ID LOGISTICS ANNOUNCES THE ACQUISITION OF GVT TRANSPORT &
LOGISTICS IN THE BENELUX
    * ACQUISITION OF 100% OF GVT TRANSPORT & LOGISTICS IN
BENELUX (EUR
100 MILLION REVENUES)
    * STRENGTHENING ITS GEOGRAPHICAL FOOTPRINT IN BENELUX WITH
SIX NEW
LOCATIONS AND A RANGE OF NEW BLUE-CHIP CUSTOMERS
    * MAINTAINING A SOUND FINANCIAL STRUCTURE WITH A LEVERAGE
RATIO OF
1.2X PROFORMA EBITDA POST-ACQUISITION
    * CLOSING IS EXPECTED BY END OF 2021
    * TRANSACTION IS BASED ON A PURCHASE PRICE WITH AN
ENTERPRISE
VALUE OF EUR 80 MILLION AND WILL BE FULLY PAID IN CASH

Source text for Eikon:  ID:nBw3ZhyPra 
Further company coverage:  IDLA.PA 

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