DPDgroup invests €90m in trans-o-flex IPO

La Groupe La Poste owned GeoPost/DPDgroup is to buy a significant stake in the German healthcare logistics company trans-o-flex. The €90 million investment, as part of a coming IPO, will give the carrier a place on the supervisory board of trans-o-flex.

Trans-o-flex is looking to raise €130 million in the IPO on the Frankfurt Sock Exchange in November. The investment from GeoPost/DPDgroup is going to be made at the IPO price which is expected to be announced in the coming days.

Wolfgang Albeck, CEO of trans-o-flex, said: “We are excited about today’s announcement and would be delighted to welcome GeoPost/DPDgroup as a future shareholder. As we continue to pursue our growth strategy, I see ample opportunity for trans-o-flex to accelerate our national and European growth. Both companies bring complementary skills and tangential infrastructure. We look forward to being able to explore and develop these opportunities together with GeoPost.”

Boris Winkelmann, CEO of GeoPost/DPDgroup, explained: “We have the highest respect for trans-o-flex as a key player in active temperature-controlled logistics in Germany. We believe that its strong expertise in specialized logistics solutions, together with its unique business model, strong track record and clear path for accelerated growth is a winning combination.”

He continued: “This investment is part of our 2025 strategy “Together & beyond” and reflects our ambition to strengthen our position in the European Healthcare market. We look forward to working more closely together and supporting the expansion of trans-o-flex beyond Germany.”

With a turnover of €515 million in 2020, trans-o-flex is Germany’s leading pharmaceuticals and healthcare delivery company. It also delivers other high value goods including consumer electronics.

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