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Logistics services provider SDV has acquired an 80 percent majority stake in Getco, an Italian multimodal transport operator founded in 1977 and headquartered in Milan, Italy.
Getco offers ocean consolidation services out of Livorno. With annual revenues of € 15 million and volumes of 8,000 TEUs, Getco's strength is in ocean freight.
“Getco enhances our maritime expertise in Italy” confirms Henri Le Gouis, SDV CEO of the Western European area. “Therefore, our leadership is reinforced in the French Overseas Territories and in the Middle East."
Le Gouis continued, "This shareholding follows the buyback of Fast Italy a few months ago and confirms the commitment to achieve better positioning in these main routes out of Italy. This move is part of a major external growth policy aimed at strengthening SDV’s ocean freight offerings in all European countries.”
“The arrival of SDV will allow the company to support Getco’s growth while offering many possibilities to our employees”, said Guido Noé, CEO of Getco. “I wish to accompany these developments during the next two years in order to achieve this transition.”
SDV, a subsidiary of the Bolloré Group, is a global leader in supply chain management ranking among the world’s top 10 in transport and logistics with a network of 540 offices in 93 countries