International freight management company Geodis Wilson, the forwarding division of French European logistics group Geodis, has strengthened its growing business in the UK with the acquisition of Oughtred & Harrison Shipping. Geodis Wilson said that move would boost its ocean export business and extend its global network coverage in China and Benelux.
O&H Shipping is an air and sea freight forwarder with almost 100 employees, mainly based in northern England, but also in Belgium and China. Serving more than 1,900 customers, O&H will deliver about £35m (€44m) to the Geodis group's net sales.
"The O&H acquisition is an important step in our long term growth ambition and strengthens our presence in the market," commented Geodis Wilson UK managing director Stuart Innes."The eventual merger of our two companies brings us closer to achieving our objective of being a top five freight management company in the UK. Both from a geographical and from a functional point of view, there are no essential overlaps, which will lead into a straight integration process that will be completed within the next 12 months."
According to Geodis Wilson, the combined businesses at current trading will generate over £90m (€112m) in net sales. Together, it added, they had 290 employees based in 14 locations across the UK.
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