EHDH plans to acquire Movianto
EHDH intends to finalise its acquisition of Movianto from Owens & Minor in the first half of 2020. This transaction would create Europe’s largest company in terms of transport and logistics services dedicated to the pharmaceutical sector.
Stéphane Baudry, chairman and CEO of EHDH, will remain the group's majority shareholder. With this takeover, EHDH would be able to leverage Movianto's geographical coverage, reputation and resources to offer the first "one-stop-shop" logistics solution across Europe. Selling Movianto would also allow Owens & Minor to focus on its core value proposition.
Baudry comments: “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 a European level.” (mw)