Logistics M&A: BDP finalizes acquisition of Spain-based Euromodal
July 09, 2010
Global logistics and freight transportation services provider BDP International said this week it has completed its acquisition of Euromodal S.A., a Madrid, Spain-based logistics services provider.
Financial terms of the deal were not disclosed.
With this acquisition, Euromodal will now become Euromodal BDP International Spain S.A.U. and be led by Jose Angel Martinez, Jr., according to BDP officials. Euromodal was founded in 1991 and provides various services, including multi-modal transport, customs brokerage, warehousing, stock control, picking and packing, fiscal depot, outsourcing, and IT for loading and assembling software.
Euromodal has offices in Barcelona, and Valencia along with a worldwide network of affiliates. And by becoming part of BDP it now has access to BDP’s IT and global subsidiary network of subsidiaries, joint ventures and strategic partnerships in more than 120 countries. Euromodal has 40 employees and more than 500 customers, including Vodafone, Endesa, Fujitsu , Estee Lauder, Sun Microsystems and Johnson & Johnson. Prior to this deal Euromodal was affiliated with BDP as a member of the BDP Global Network.
“The extension of BDP’s presence in Spain and other markets is driven by our customers’ business development activity as well as the ongoing study of vertical industry and economic trends,” said Arnie Bornstein, BDP International executive director, marketing and communications. “The phased acquisition, which began in late 2007, was predicated on the continuing development of trade lanes including Asia, Latin America, Spain and the Western Mediterranean.”
In terms of the biggest benefits of this deal for BDP customers—or shippers—Bornstein explained that in the ‘new normal’ economy companies involved in international trade are looking outside the one-size-fits-all business model of huge consolidators and others in the logistics service sector. And like BDP, Euromodal has been a family owned and operated business built over the past two decades on zealous attention to individual customers.
“Our complementing business model in tandem with BDP’s logistics and transportation visibility technology mean a more intimate and accountable service experience for companies conducting trade in Spain and the Western Mediterranean,” he said.
Euromodal’s Martinez said in a statement that becoming a full member of the BDP family gives the company even greater leverage in competing more effectively for its customers in the global economy.
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