Geodis to Buy OHL
Geodis agreed to buy OHL for an undisclosed amount, the companies said Aug. 17 in a news release (here). OHL's offerings include a customs brokerage and import and export consulting services. The deal will close following the "usual regulatory approvals"…
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and "will be financed with available cash resources and through existing and new debt arrangements," said Geodis. OHL will be rebranded as Geodis, it said. OHL is currently owned by private equity firm Welsh, Carson, Anderson & Stowe, while Geodis is a European subsidiary of SNCF Logistics.