Global supply chain technology and solution services provider Ligentia has today announced an agreement to combine with VGL Solid Group (VGL), a leading freight and logistics provider in Poland. The deal, which is subject to regulatory approval, will cement Ligentia’s intent to build a stronger, better and more diverse business.
Ligentia and VGL have an existing long-standing relationship through a successful joint venture partnership, delivering customers high-quality supply chain solutions for over 10 years. The newly combined organisation will provide an enhanced end-to-end service offering, bringing together Ligentia’s international network, proprietary technology and upstream services with VGL’s expertise and leading logistics, European road freight and ocean services.
The deal will greatly enhance Ligentia’s European platform and enables the business to better support customers across a broader and more diverse sector base, including; FMCG, retail, electronics, healthcare and the emerging electric vehicle market. Upon completion, Ligentia and VGL will form a new organisation of more than 1,300 global supply chain experts focused on delivering value for customers through their capabilities, technology and data. This will establish the Ligentia Group as a major international supply chain management company with revenues of over £1bn.
Nick Jones, Group CEO, commented: “We have enjoyed a fantastic relationship with VGL for many years and this is a very exciting milestone in our journey together. Both businesses thrive because of our aligned values and commitment to centre customers at the heart of our organisations which means we invest, develop and commit resources to make sure we achieve a great experience for our customers. The forward-looking business will be even better placed to enhance our combined technology offering, provide new services and connect a diverse team ready to deliver our next phase of growth.”
The deal is being financed with the support of Ligentia’s existing funders, Partners Group and Santander.
In 2021, Ligentia received significant investment from Equistone Partners Europe to deliver its ambitious growth plans. Commenting on the proposed deal, Sebastien Leusch and Chris Candfield, Equistone Investment Directors, said: “We have been hugely impressed by Ligentia’s clear ambition to scale and build a diverse, customer-focused and responsive global supply chain management solutions business. The team have delivered exceptional growth over the last two years, including the launch of its US business.”
“We are proud to support the Board in this acquisition which will enable the business to expand into new geographies and sectors, continue to innovate its technology and strengthen its position in a dynamic and buoyant market.”
Ligentia expects to complete the transaction in Q3 after regulatory approvals have been received.
Ligentia has been supported in this transaction by Rothschild, DC Advisory, Squire Patton Boggs, KPMG, Roland Berger and Addleshaw Goddard. VGL Solid Group has been supported by PwC, GKW, Skadden and KPMG.
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Notes to editors:
Ligentia is a leading global supply chain management company with over 25 years’ experience delivering more sustainable and agile supply chains for some of the world’s most sophisticated retailers and best-known brands in manufacturing, healthcare and consumer goods. Our people are supply chain experts and problem solvers providing world-class sector and regional expertise across 30 operating locations with key hubs in the UK, Hong Kong, China, Vietnam, Australia and the US.
Our market-leading proprietary technology, Ligentix, provides full track and trace visibility in real-time from origin to destinations, allowing our customers to know sooner and act faster, improving decision making and efficiency across supply chains. We’ve a long standing globally connected partner network, and our non-asset owning strategy means our customers are guaranteed an experience that delivers benefits aligned to their specific business needs.
VGL Solid Group is a leading Polish logistics operator with 20 years of market experience. It offers a wide range of services in transport, forwarding, logistics, and supply chain management and supports all these services with technological solutions that enable control over the entire process.
VGL Solid Group employs over 750 employees in 20 locations in Poland. The ability to adapt appropriate logistics solutions based on the knowledge and experience of employees is particularly appreciated by the company’s customers. In 2021, this potential increased significantly due to Solid Logistics joining the VGL Group, helping to grow the company’s client base and by providing value-adding logistics capability.