Holon Translink in Poland, together with Translink in France finalised the sale of 100% of the shares of the Polish family-owned company Spedimex – a local leader in contract logistics specialising in serving the e-commerce, fashion, and beauty industries. The investor is French company ID Logistics, a leading European player in contract logistics.

The Holon-Translink team acted as exclusive transaction advisor to the owner of Spedimex in the transaction process including preparation of the company for sale, identification of investors, negotiation of key transaction terms, examination of the company and negotiation of transaction agreements. Legal assistance for the seller was provided by the SSW law firm. The investor was supported in the process by JP Weber (financial and operational due diligence) and the law firm Hogan Lovells.

The transaction remains subject to the approval of the competent Polish antitrust authorities. The acquisition is expected to be completed by June 2023.

“I am very grateful to the Holon-Translink team for handling this complex process smoothly and safely. Holon-Translink’s extensive access to foreign investors proved to be the key to success, putting our family business in the best possible hands to guarantee future growth and security. At the same time, thanks to Holon’s creativity in finding solutions and ability to overcome problems, we were able to negotiate very favourable transaction terms. Our success would not have been possible without full mutual trust,” said Marcin Bak, CEO, and owner of the company.

Spedimex has specialised to become a key independent player in contract logistics in Poland with recognised expertise in the fashion and e-commerce sector for major international and Polish brands, as well as in cosmetics. In addition to contract logistics, Spedimex offers a solid distribution and transport network, value-added logistics services or detail preparation. Spedimex has developed an asset-light model and operates in 15 sites across the country representing 230,000 m².

The company has implemented sophisticated mechanisation and technology solutions capable of managing large and complex flows such as, for example, stores and e-commerce returns from more than 15 European countries for a single customer. In recent years, Spedimex has significantly increased its turnover to reach PLN 510 million (€ 109 million) in 2022. The company was founded in 1993 by the Bąk family. Today, it employs 2000 people. Marcin Bąk, a representative of the second generation of owners, is today the main shareholder and CEO.

ID Logistics, managed by Eric Hémar, is an international contract logistics group with revenue of €2.5 billion in 2022. ID Logistics manages 365 sites across 17 countries representing more than 8 million square meters of warehousing facilities in Europe, America, Asia, and Africa, with 30 000 employees.

“We are particularly pleased with the acquisition of Spedimex. We have a very similar culture and values, in particular the cult of customer proximity and innovation. This acquisition leads us to become one of the leaders on the Polish market which is one of the most dynamic in Europe and brings us a portfolio of new leading customers that we will develop in other countries of the Group,” said Eric Hémar, Chairman and CEO of ID Logistics.

This strategic acquisition is motivated by the alignment of cultures and the very similar business models of the two companies: asset light approach, dedicated warehouses, solutions adapted to the specific needs of each operation. The complementarity of customer portfolios and technical expertise between Spedimex and ID Logistics will also allow the development of significant commercial synergies, in particular for leading international customers.

In a dynamic of post-Covid industrial relocation, ID Logistics is strengthening its position in a very dynamic market in Europe which already plays a central role in the current reorganisations of supply chains. With the acquisition of Spedimex, ID Logistics becomes one of the leaders in the Polish market with 35 sites, 7000 employees and a portfolio of leading industrial customers, retailers, and e-merchants.

“We are happy to join forces with ID Logistics, which will allow our customers to take advantage of global logistics solutions. During the past 30 years, we have gradually developed our business, transforming it into a logistics operator with a potential of over 230,000 m² of warehouse space and a team of 2 000 people. We are extremely proud of the international portfolio of brands that have trusted us. The innovative business model and international potential of ID Logistics Group are what I am excited about. I am convinced that our common values, such as professionalism, commitment, and innovation, will allow us to continue developing our clients and employees in the future,” concluded Marcin Bąk, Chairman and CEO of Spedimex.