News / ID Logistics buys US operator Kane to boost expansion in North America

French pure-play contract logistics operator ID Logistics is set to significantly expand into the North American market, agreeing to acquire US operator Kane Logistics from private equity owner Harkness Capital Partners in an all-cash deal valued at $240m.

Kane reported revenues of $235m last year, and operates 20 hubs across the US offering warehouse capacity of 725,000sq metres, which will give the same sort of boost to ID logistics’ network in North America that the acquisition of Benelux operator GVT did ...