TPM: Forwarders need 'clout' to survive as the ocean carriers move in
Ocean carriers undermining forwarders that don’t have “enough clout” will drive consolidation this year. Delegates ...
Simon Pinto and James Gagne with members of the Bansard International team at the company's headquarters in Paris
By Alex Lennane
Seko Logistics has bought French forwarder Bansard International, its largest acquisition to date.
Bansard had revenues of some €210m ($244m) in 2020, and although the size of the deal was undisclosed, a tentative enterprise value is likely to be about €200m.
However, Bansard chairman and investor Simon Pinto is well-known for being something of a deal-maker and, as one observer said: “He must have sold at a good price.”
Seko, meanwhile, is thought to be keen to continue its acquisitive phase since Ridgemont ...
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