News / ID Logistics drives into Europe's big league with €85m purchase of Logiters

French contract logistics specialist ID Logistics looks set to propel itself into the upper echelon of providers after agreeing to acquire Spanish operator Logiters for €85m.

The acquisition still needs the green light from Spanish competition authorities, although ID Logistics says it expects to complete by the end of the summer.

It will be a cash buy from private equity fund Corpfin Capital, leaving ID Logistics with a “leverage ratio of approximately 1.2x proforma EBITDA post acquisition”.

Logiters recorded revenues of €250m last year. It operates ...