GEODIS has concluded an agreement to acquire Malherbe, a leading player in full truckload (FTL) road freight transport.

It said in a statement that this operation will enable the Group to continue developing in the French road freight market for full and less than full truckloads, and to bolster its presence in the agri-food and mass retail sectors.

"GEODIS has taken another step in its growth strategy with the planned integration of Malherbe, a leading specialist in full truckload road transport," GEODIS said.

It noted that the geographical and operational fit between the two entities' operations will greatly increase the density of GEODIS's national network, further improving the quality of service provided to customers.

"This acquisition reflects GEODIS's desire to extend its presence in the French road freight transport market, broaden its geographical coverage, and accelerate the growth of European road transport activities within its network," GEODIS added.

It went on to note that that the deal will also position the Group as a leader in the road transport sector's transition to decarbonization. It will also enable the Group to strengthen its position in the agri-food market.

"The acquisition of Malherbe will place GEODIS among the top three players in the French market for full and less than full truckloads, with combined revenue of €2 billion," GEODIS said.

Marie-Christine Lombard, chief executive officer of GEODIS, said the integration of Malherbe will represent an "essential strategic lever" in building a more resilient and sustainable nationwide network.

"Together, we will be able to offer a strong French alternative on the market, combining operational excellence, environmental performance and strategic autonomy in logistics," Lombard said.

Although the financial details of the transaction was not disclosed, GEODIS said Malherbe was founded in 1956 and operates in France through a network of 40 branch offices with its own fleet of around 1,500 trucks, and more than 3,300 people nationwide.

In support of its energy transition, Malherbe has implemented a comprehensive program since 2024 designed to diversify its energy sources, gradually electrify its fleet, and install charging infrastructure at several sites.

GEODIS said this initiative aligns perfectly with its ambition to reduce the carbon footprint of its operations and promote more sustainable transport solutions.

The acquisition will be concluded on completion of the customary regulatory formalities.