February 17, 2022
- Logista acquires 70% of Speedlink Worldwide Express, specialist in B2B express (time critical) deliveries to and from Belgium and the Netherlands, and settles to acquire the remaining 30% over the next 3 years
- Nacex – part of Logista – expands internationally to the Netherlands, the country with the largest number of distribution centers in Europe
- The alliance reinforces the services already offered by Logista in medical/health distribution, and provides a platform for the development of other Logista businesses in the area
Logista, the leading distributor in Southern Europe, has announced the acquisition of 70% of the Dutch company Speedlink Worldwide Express, a specialist in express (time critical) deliveries to and from Belgium and the Netherlands.
Founded in 1995 by Dennis Scheltema, Speedlink has been the exclusive agent of Nacex - a Logista’s company - for the Benelux, since 2006.
The company, based in Hoofddorp, near Schiphol Airport, has around 30 employees and serves growth sectors. Speedlink has developed a unique business model, based on an asset-light structure, and specialised in time critical transport services for healthcare, high-tech, automotive and e-commerce sectors.
This acquisition enables the international expansion of Nacex's services to Benelux, while strengthening Logista's position in medical/healthcare distribution, and expanding its portfolio of services outside the Iberian Peninsula.
Speedlink offers its premium express delivery services mainly in Spain, Portugal, Germany, and the UK.
The reached agreement contemplates the acquisition of the remaining 30% of the business in the next three years. Moreover, it also provides for Mr. Scheltema’s continuity at the head of the company, leading the development of growth opportunities, with Nacex’s support. The transaction will be paid with cash, with a maximum amount of 18.5 million euros for the acquisition of the 70% of the company, based on the achieved objectives.
Íñigo Meirás, CEO of Logista stated: "I am pleased to announce the acquisition of Speedlink, a long-standing partner of Nacex with whom we share a similar culture based on the service we provide to our customers. With this transaction, we are expanding our service portfolio, while also laying the foundations for Nacex's international development.”
About Logista – www.logista.com
Logista is the leading proximity distributor in Southern Europe. It regularly serves more than 200,000 points of sale in Spain, France, Italy, Portugal and Poland and provides the best and fastest market access to a wide range of convenience products, pharmaceuticals, electronic recharging, books, publications, tobacco and lotteries, among others. Logista has a team of highly qualified professionals comprising 5,900 direct employees and 15,000 collaborators, focused on serving its customers in the most efficient way and adapted to their needs.
Sustainability Commitment
Logista has been included for sixth consecutive year on CDP's "A List", which recognises global leaders in the fight against climate change. Logista is the only European distributor to make the list for six consecutive years. CDP has also recognised Logista's work as a driver of sustainable change throughout its value chain and has included it in the Supplier Engagement Leader category.
In addition, Logista's commitment to sustainability was recognised October 2021 by Sustainalytics, one of the leaders in the evaluation of Corporate Social Responsibility and Corporate Governance worldwide, which, after evaluating the Company's ESG criteria, was awarded with an ESG risk rating of 14.1 points. Therefore, Logista is considered to be at Low Risk of experiencing material financial impacts due to ESG factors and awarded it accreditation as Industry TOP RATED 2022 (among the 50 best ratings in the Transport industry).
Also, because of its firm commitment to Corporate Social Responsibility, Logista has once again managed to position itself among the leaders in the sector by being recognised in 2020 with an MSCI rating of AA, whose scale is AAA-CCC.
Logista is also part of the FTSE4Good index, which includes companies that demonstrate sound environmental, social and corporate governance practices, and the Ibex Gender Equality index.
About NACEX – www.nacex.com
NACEX, which is part of Logista, the leading distributor of products and services to local businesses in southern Europe, offers a wide range of services. NACEX has a fleet of more than 2,500 vehicles and more than 3,500 collaborators, as well as a network of 32 platforms, more than 300 franchises in Spain, Portugal, and Andorra, and more than 2,400 NACEX.shop points in Spain and Portugal.
About Speedlink – www.speedlink.aero/
Speedlink offers a worldwide express network and special time critical services so that its customers do not have to make compromises in terms of service or speed. Speedlink offers a unique network model, with connections to the best local distribution networks offering the highest possible quality and speed. By tapping directly into a local packet delivery network via a transport or direct flight, the entire network infrastructure of the large transport networks is bypassed. By avoiding time-consuming sorting, cross-docking and in-line transport, Speedlink enables later-than-usual receipt combined with early morning delivery.