News / Geodis still on the hunt for a major acquisition, but not in France, says CEO

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Amid all this forwarder M&A news of Ceva and Damco, comes confirmation that Geodis is still in the running for a big acquisition – but Ceva is still off the table.

The French media reports today that Geodis is looking for a company with an annual turnover of between €1.5bn and €2bn, which would give Geodis a stronger presence in Germany and the Netherlands.

CEO Marie-Christine Lombard said Europe must eventually become “our second home market” – adding that Geodis also needed to strengthen ...