Mediterranean Shipping Company (MSC) has made a bold move to acquire French logistics firm Clasquin, submitting a bid to purchase a 42% stake in the company. This strategic acquisition is part of MSC’s ongoing expansion plans, as it looks to strengthen its position in the global logistics market.
Clasquin’s controlling shareholders, Yves Revol and Lyon-based private equity firm Olymp, have entered into exclusive negotiations with MSC’s subsidiary SAS Shipping Agencies Services Sàrl (SAS) to sell their shares. The purchase price of the shares is estimated to be around €325 million, subject to adjustments and clearances from the relevant authorities.
The acquisition of Clasquin would be a significant addition to MSC’s existing logistics portfolio, providing it with a strong foothold in the French market. Clasquin’s expertise in supply chain management and freight forwarding would complement MSC’s own logistics services, enabling the company to offer a more comprehensive range of solutions to its clients.
The deal is expected to be completed by the end of the first quarter of 2024, subject to regulatory approvals. Once the acquisition is finalized, SAS would file a public tender offer with the Autorité des Marchés Financiers (AMF) for the remaining shares in the capital of Clasquin SA.
This move by MSC is part of its long-term strategy to expand its presence in the European logistics market. The company has been actively pursuing acquisitions and partnerships to strengthen its position in the industry. In recent years, MSC has acquired several logistics companies, including a majority stake in the French logistics firm, Bolloré Logistics.
The acquisition of Clasquin is expected to create new opportunities for MSC and its clients. The combined entity would have a strong presence in France and other European countries, enabling it to offer a more comprehensive range of logistics services to clients. The deal is also expected to create new jobs and stimulate economic growth in the region.
In conclusion, MSC’s acquisition of Clasquin is a significant move that highlights the company’s commitment to expanding its presence in the European logistics market. The deal is expected to create new opportunities for both companies and stimulate economic growth in the region.
