GEODIS earlier this month has signed an agreement to acquire American company, Need It Now Delivers, which will enable the forwarder to increase its US presence in contract logistics and last-mile delivery.

Need It Now Delivers operates an expansive domestic road freight network with more than 65 company locations and 300 distribution points, providing strong national coverage, particularly in the eastern United States.

To offer its customers complete port-to-door logistics solutions, the company specializes in distribution, last-mile delivery, and in multichannel contract logistics across a wide range of high-growth industry verticals.

Owned in part by management along with the private equity fund Palm Beach Capital, the New Jersey-based company employs around 2,000 people and is expected to reach revenues close to $750 million in 2022.

Geodis said this acquisition will strengthen its American footprint and e-Commerce services portfolio, complementing its services in freight forwarding, road transport, contract logistics and last-mile delivery.

The acquisition is subject to regulatory review and approvals, which are expected to be obtained by the end of 2022. Both companies will operate as independent businesses and run their operations as usual until that time. The forwarder noted that the acquisition will also consolidate its position as one of the world’s top 10 logistics providers.