Seko Logistics has bought French forwarder Bansard International, its largest acquisition to date.
Bansard had revenues of some €210m ($244m) in 2020, and although the size of the deal was undisclosed, a tentative enterprise value is likely to be about €200m.
However, Bansard chairman and investor Simon Pinto is well-known for being something of a deal-maker and, as one observer said: “He must have sold at a good price.”
Seko, meanwhile, is thought …
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Source: The Loadstar