Swedish Logent Group has signed an settlement for a majority stake in Misi. The acquisition of this Dutch fulfilment firm is predicted to be accomplished subsequent month. It’s unknown how a lot cash Logent paid for almost all stake.
The acquisition is a strategic transfer by Logent to be extra current within the Netherlands. Managing director Linda Aidanpää Baronnet says: “We need to strengthen our operation in one of many largest logistics markets in Europe. It offers us a very good base for additional development in Europe.”
Additional growth in Europe
It’s the second acquisition in a short while for Logent. Lower than a month in the past, the corporate acquired Finnish competitor Logistikas. Misi’s acquisition, it says, marks its accelerated worldwide growth. Logent is already current on the Dutch market. It has a warehouse of over 40,000 sq. metres in Duiven, which Misi can now additionally use.
Logent already has warehouse within the Netherlands.
Misi focuses on ecommerce fulfilment and serves round 150 clients, together with Tonys Chocolonely. To reply to anticipated development, it plans to broaden its warehouse capability from 7,000 to 11,000 sq. metres.
‘Misi can now additionally speed up development’
Patrick de Waal, CFO and CTO at Misi, is trying ahead to the partnership. “Logent’s presence within the Dutch market and their logistics premises will permit us to speed up our development,” he mentioned. De Waal subsequently sees the strategic partnership as a logical step for Misi.