Logista has expanded its business in the Benelux area with the purchase of Belgium Parcels Service (BPS), a company specialized in the express distribution of pharmaceutical parcels in Belgium and Luxembourg, as announced this Tuesday by the logistics operator to the National Market Commission. Securities (CNMV).

The acquisition of 100% of BPS has been carried out for an approximate value of 8 million euros, subject to the closing of the audited accounts for the year 2023, Logista has specified.

“This strategic acquisition marks an important milestone in Logista’s expansion in Europe and reinforces its position in pharmaceutical distribution and the courier segment,” the company highlighted.

BPS offers courier services within 24 hours in Belgium and Luxembourg and within 24 to 48 hours in the Netherlands, France and Germany.

The Belgian company specializes in the distribution of sensitive products, mainly temperature-controlled pharmaceutical products, to hospitals and pharmacies.

Logista has stressed that this operation complements the purchase of Speedlink in 2022, which marked Logista’s entry into the Dutch market, the country with the largest number of B2B distribution centers in Europe.

“This transaction, together with Speedlink, allows Logista access to the entire Benelux area, thus expanding its presence in Central Europe,” highlighted the logistics operator.

BPS, present in the transport market for more than 25 years, has a 3,500 square meter warehouse and makes nearly 700,000 shipments a year.

The operation is part of the strategic plan that Logista launched two years ago focused on its geographical and business diversification, through transactions that allow it to take advantage of synergies, improve its position in the market or expand its business to new markets in Europe. .

Íñigo Meirás, CEO of Logista, highlighted that this “strategic” operation will allow the company to increase its exposure to the Pharma Courier segment “in a key area within Europe”, while complementing “Nacex’s core business”.

In this sense, Carlos García-Mendoza, Logista’s corporate director of Strategy, has stressed that, with the purchase of BPS, Nacex’s business is expanded internationally “through a specialized distributor with similar quality and service criteria.”