ID Logistics announces the acquisition of 100% of Spedimex, a contract logistics player in Poland, with expertise in the fashion and e-commerce sectors and sales of 109 million euros by 2022.

With this acquisition, the French logistics company explains that it will become 'one of the leaders on the Polish market, with 35 sites, 7,000 employees and a first-rate customer portfolio comprising manufacturers, distributors and e-tailers'.

The transaction is based on an enterprise value of 74 million euros, and will be paid 70% in new shares and 30% in cash. Subject to approval by the Polish antitrust authorities, it is expected to be finalized by June 2023.

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