The transaction will allegedly generate the European leader in transport and logistics services dedicated to the pharmaceutical sector, with EHDH leveraging Movianto's geographical coverage, reputation and resources to offer the first "one-stop-shop" logistics solution throughout Europe.
Stéphane Baudry, Chairman and CEO of EHDH, will remain the group's majority shareholder. Baudry, commented on the purchase. "The quality of operations, the solid reputation and the values of Movianto are perfectly consistent with EHDH. This opportunity comes at a key moment in our development and in response to market demand for a single contact to handle all logistics and transport services at European level.”
Following the necessary regulatory approvals, the transaction is expected to be completed in the first half of 2020.