GCA Altium leads Carousel Logistics' acquisition of BDA Logistics Innovation
The acquisition significantly expands the Carousel group’s European reach, growing the company by more than 50 per cent, and extending its service portfolio and transport lanes. The deal will strengthen the Company’s existing operations in Germany, Ireland and the UK, and extend operations to the Netherlands. The acquisition also continues to extend its European service and technology platform, Gateway, a major milestone for Carousel.
Carousel Co-Founder and Group CEO, Graham Martin, said: “As the demand for service-logistics continues to grow, it is important that we provide the right technology, network and services that our clients need. With an impressive client portfolio and high service levels we have admired BDA for some time, particularly because they share our belief in delivering exceptional service solutions for situations. In coming together, we have completed a critical step in achieving our goal of becoming Europe’s leader for aftermarket solutions and technology.”
Adrian Reed, Managing Director at GCA Altium, commented: “This acquisition is a perfect case study in using selective M&A to strategically grow a group. Carousel is a market leader in its field, using a differentiated technology platform to provide a service that high-performance manufacturers cannot provide in-house, and with the addition of BDA, Carousel has bolstered its European capabilities. It has been a pleasure working with the Carousel management team and Livingbridge, and we look forward to their future success.”