Acquisition will create pharma-focused 3PL leader

This transaction would create the European leader in transport and logistics services dedicated to the pharmaceutical sector. Stéphane Baudry, Chairman and CEO of EHDH, will remain the group's majority shareholder.

The proposed transaction fits with the strategy and vision of both groups. Thanks to this structuring acquisition, EHDH would be able to leverage Movianto's geographical coverage, reputation and resources to offer the first one-stop-shop logistics solution throughout Europe. Selling Movianto would also allows Owens & Minor to focus on its core value proposition.

Stéphane Baudry, CEO of EHDH said: “The quality of operations, the solid reputation and the values of Movianto are perfectly consistent with EHDH. This opportunity comes at a key moment in our development and in response to market demand for a single contact to handle all logistics and transport services at European level.”

The contemplated transaction is subject to ordinary closing conditions, regulatory approvals and mandatory works council discussions.