SCD Advisory advises French group on purchase of Lynair Logistics
Bolloré Logistics, one of the globe’s ten largest transport and logistics groups, has expanded its presence in Australia with the acquisition of Adelaide-based Lynair Logistics.
Part of France-listed Bolloré group (one of the 500 largest companies in the world), Bolloré Logistics provides the full range of import and export services to small and medium-sized companies. The firm has over 600 agencies in 111 countries, and 13 500 employees based across offices in five continents.
In Australia, Bolloré Logistics has been active since 1975, and today the company – with its 330 staff, 5 offices and 7 warehouses – ranks among the leaders in the warehousing, freight forwarding, transport and supply chain sector.
The acquisition of Lynair Logistics boost Bolloré Logistics’ presence in South Australia, and adds a team of around 20 staff. The move in particular deepens the company’s activities in air freight, sea freight, customs clearance and international logistics.
“This acquisition of further strengthens our presence in Australia, and we are pleased to welcome our new, experienced and highly capable team members into the Bolloré Logistics family,” said Thibault Janssens, CEO of Bolloré Logistics for the Pacific Region.
Janssens and his deal team was advised during the transaction by SCD Advisory, a boutique M&A consultancy firm. “We were honoured to support Bolloré Logistics during the acquisition, another example of a cross-border deal for our team. We wish great success to both parties in their shared journey ahead,” said Pierre Briand, the Founder of SCD Advisory,
Reflecting on the firm’s deal advisory role, Luc Le Tourneau (Finance Director at Bolloré Logistics) commented: “It was great to benefit from very effective financial and commercial support to accelerate the discussions and find mutual alignment to complete this acquisition in a professional manner. To be able to benefit from local knowledge alongside international experience was invaluable for a global group like ours.”
Following integration, Lynair Logistics will carry on its business as usual, while being able to leverage the “the strong global network and local support of Bolloré Logistics,” said David Guarnera, a leader at Bolloré Logistics.
Augustin Paul, another leader at Lynair Logistics, added, “Being powered by Bolloré Logistics will offer more features and resources for our team to ensure that customers continue receiving high levels of service.”
