ID Logistics announced plans to acquire Kane Logistics, further expanding its presence in 20 new locations within the United States.
“The acquisition of Kane Logistics represents one of the most important external growth operations in the history of the company. After starting in 2001 with a few large retail customers that we were able to quickly support internationally, the company shifted to e-commerce and retail preparation in 2013 with the acquisition of CEPL. It then strengthened its presence in Europe with the recent acquisition of GVT in Benelux. Today, with the acquisition of Kane Logistics, we are opening up new prospects in North America, where we are enhancing our know-how, in particular with consumer package goods customers, and welcoming experienced and dynamic managers to our team,” says Eric Hémar, chairman and CEO of ID Logistics.
From Kane Logistics:
- Kane Logistics operates 20 hubs across the country representing 725,000 square meters.
- The Kane team will continue with the company following the closing of the investment with a continued focus on providing world-class customer service and growing its customer base.
“I believe very strongly that the cultural fit between the two organizations is close to perfect. ID Logistics is the ideal next partner to move the company forward, to serve our customers and to help maintain our growth trajectory. Their cultural values are a mirror of our values, and they also have a very strongly committed management team,” says Tony Tegnelia, lead director and CEO of Kane Logistics.