GBA Logistics Acquires Silver X Group, Bow Distribution

GBA Logistics, a provider of logistics solutions, proudly announces the acquisition of The Silver X Group and Bow Distribution and Warehousing, both respected players in the UK logistics industry. This strategic move marks a significant milestone in GBA Logistics expansion, solidifying its position as a key player in the UK and European markets.

Founded on principles of integrity, reliability, and superb customer-service, GBA Logistics has established itself as a trusted partner in the European logistics landscape. With its Mission to ‘Drive towards a Sustainable Future’, a commitment to excellence and a focus on personalised customer service, the company has built a loyal client-base and earned a reputation for delivering innovative solutions.

The Silver X Group share a similar ethos, making it a natural fit for acquisition by GBA Logistics. As a family-owned business, Silver X has grown a culture of care and dedication, placing a premium on building lasting relationships with customers and partners alike. GBA intends to keep the well-known brand names of Silver X and Bow, and the existing management teams led by Gavin Burgess (Managing Director and founder) will join the GBA family. The merged companies will work together on leveraging their strengths for mutual growth.

“We are thrilled to welcome Silver X and Bow to the GBA Logistics family,” states David J Birkbeck, Chairman and founder of GBA. “Their longstanding commitment to customer service excellence and their reputation for integrity perfectly complements our own values. This acquisition brings together two successful family-owned companies who both have big ambitions for the future.”

Gavin Burgess commented, “I am very excited about the future as part of GBA Logistics. GBA’s wide range of services and excellent European network will turbo-charge Silver X’s growth plans.”

Peter Zak, Group Managing Director of GBA Logistics added, “I am looking forward to working with Gavin and his team, we have built up a trusting relationship and our businesses will be stronger together.”

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Bolloré Logistics Sold to CMA CGM

The Bolloré Group and the CMA CGM Group announce the completion today of the sale of 100 % of Bolloré Logistics to CMA CGM, it being specified that the transfer of Bolloré Logistics Sweden AB to the CMA CGM Group remains subject to the latter obtaining foreign investment clearance in Sweden.

The purchase price is €4.85 billion euros, on the basis of the estimated debt and cash on the completion date.

As a leading transport and logistics company in France, and one of the main players in the sector worldwide, Bolloré Logistics achieved in 2022 a turnover of 7.1 billion euros, transported 710,000 TEUs of ocean freight and 390,000 tons of air freight, along with a storage capacity of 900,000 m2.

This is CMA CGM’s largest acquisition since its creation in 1978 and constitutes a major step in the CMA CGM Group’s logistics development strategy, complementing its historical maritime transport line of business.

Takeover Deal

Rodolphe Saadé, CEO and Chairman of the CMA CGM Group, declared: “I would like to thank the Bolloré Group for the trustful dialogue we have established over the last few months to successfully finalize this acquisition. Within the CMA CGM Group, we are proud to welcome a French flagship built on years of work and experience. The new entity, made up of CEVA and Bolloré Logistics, is the world’s number 5 in its sector. We will now be able to offer our customers a complete range of services and extend our expertise to new businesses. On behalf of the CMA CGM Group and my family, I would like to welcome the 14,000 employees who are joining us today. Together, we will combine our talents and accelerate our development.”

Mr. Cyrille Bolloré, CEO and Chairman of the Bolloré Group, added: “This is the beginning of a new chapter for Bolloré Logistics’ employees. I am very pleased that they are joining the CMA CGM Group and the Saadé family. They will bring unique expertise and know-how, which have long made the pride of the Group and which will be the pride of CMA CGM tomorrow. It is also a great opportunity for our customers around the world and I would like to take this opportunity to thank them for their trust and loyalty”.

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CMA CGM in Exclusive Negotiations to Acquire Bolloré

 

3PL Sees Bright Future After Acquisition

Kammac Ltd has been acquired by the Elanders group, a Swedish stock market listed business which offers global supply chain management solutions. Elanders operates in 20+ countries around the world and employs more than 7000 people.

Paul Kamel, the owner and founder of Kammac Ltd agreed to sell the business after a sales process that attracted interest from several parties. Kamel felt that Elanders group was the best fit to allow Kammac and its people to continue growing and maintain the success that had already been achieved by the company during his 35+ years at the helm.

Elanders’ acquisition of Kammac Ltd is in line with their strategy to constantly develop its offering and broaden its customer base. As a result of the acquisition, the UK will become Elanders’ fourth largest market.

Kammac has developed a unique 3PL concept which has grown, evolved and improved continuously over several years, and now that Kammac is part of the Elanders group, the services that Kammac offers will support expected further growth.

One of Kammac’s competitive edges, cited by Elanders, is that the start-up time for new customers is only one to two weeks. Kammac is also well positioned to support businesses across a number of sectors. Several of its warehouses offer services such as bonded warehouses and temperature-controlled environments. Kammac also has a license to handle medical products such as pharmaceuticals and their components.

Acquisition

On a day-to-day basis it is very much business as usual for Kammac Ltd, albeit under new ownership. There will likely be some structural changes within Senior Management positions over the next few weeks to ensure continuity and to align with authority level delegation from Elanders. The next stage of Kammac’s growth journey is expected to be an exciting one with new ideas, new opportunities and new initiatives to come which will allow the business to flourish as it transitions to being part of the Elanders group.

Ged Carabini, Chief Operations Officer of Kammac, comments on the deal: “It has been an absolute pleasure and such a learning curve over the last 6 years working with Paul and Sue Kamel, Craig and Laura Olson. I would like to extend my thanks to them and take this opportunity to wish them all the very best moving forward. I am very proud of the growth journey that we have made and the unique platform that we at Kammac have created in recent years. With the global footprint that Elanders has, we will be able to grow further in the UK by being able to offer Elanders’ current customers our solution. I also see great opportunities to develop the current Kammac offering by using Elanders’ proprietary platform for omnichannel solutions. I am also convinced that our unique business model will be able to create new business opportunities for Elanders in other markets.”

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