News broke this afternoon that our friends at Global Freight Solutions, the Enterprise Carrier Management better known as GFS, has been acquired by industry-leading ecommerce fulfilment specialists, ILG (International Logistics Group Ltd), part of the Yusen Logistics/NYK group of companies.
- GFS, with over 20 years of experience, is a pioneer in ECM technology and multi-carrier parcel services.
- Their technology streamlines multi-carrier shipping processes, providing access to 1000+ shipping lanes across 220+ countries, including the UK.
- The acquisition provides GFS with received significant investment to enhance its multi-carrier Enterprise Carrier Management platform.
- The goal is to leverage the capabilities and infrastructure of the wider group, enabling GFS to offer end-to-end support across the entire supply chain for both B2B (business-to-business) and B2C (business-to-consumer) customers.
- Following investment from Phoenix Equity Partners in 2017, GFS has more than doubled in size.
In summary, GFS aims to enhance its global shipping services by leveraging its ECM platform and extensive network of shipping lanes.
We are entering a very exciting phase for GFS – this new relationship and the synergies with ILG and the wider group will help us realise our vision. It allows us to offer our B2B and B2C customers greater cost-benefits, unrivalled services, and expertise across every aspect of their supply chain, in every corner of the world.
– Neil Cotty, CEO, GFS
ILG specialises in omnichannel fulfilment solutions in the beauty, wellbeing and fashion sectors with 13 bespoke facilities in the UK and EU. In 2018, ILG was acquired by Yusen Logistics and continues to deliver year-on-year growth.
This new and exciting acquisition gives us the advantage of GFS’s best-in-class multi-carrier technology and services to greatly enhance the offering to our delivery and fulfilment clients and power our expansion into overseas markets.
– Mike Stephenson, Chairman, ILG
The acquisition by ILG for an undisclosed amount will see GFS’s existing management team continue in existing roles, whilst Phoenix will exit in full. GFS was advised on the sale by Rothschild & Co and Travers Smith.
