GLS acquires Hungarian ecommerce fulfilment company iLogistic

Category: Operations
GLS acquires Hungarian ecommerce fulfilment company iLogistic

GLS have announced the acquisition of Hungarian ecommerce fulfilment company iLogistic. This strategic move they say enables GLS to offer ecommerce fulfilment services to GLS customers in and outside Hungary, as part of its approach to further diversify and grow its portfolio.

We are committed to providing high-quality services to our customers, and we believe that by partnering with an innovative and rapidly growing company like iLogistic, we can further assist our partners on the path to success and growth. Our strategic goal is to support the export capabilities of domestic traders, for which outsourced logistics services present an ideal new option. With the help of the GLS network, our mutual partners can more easily meet the challenges in both domestic and foreign markets.

– Gergely Farkas, Managing Director, GLS Group Eastern Europe region

ILogistic, a Hungarian company specialising in logistics services to online shops including pick and pack, inventory management and returns, has been a trusted partner of GLS prior to this acquisition. The collaboration between GLS and iLogistic has been strengthened over time, with GLS serving as their last-mile delivery partner.

Partnering with GLS marks a major milestone for iLogistic. We’re enthusiastic about the potential this acquisition will offer for advancing our services and delivering even greater value to our clientsTogether we are ready to set new standards of excellence in the logistics industry while leveraging GLS’ reputation and service quality to drive our international growth.

– Bálint Csereklyei, CEO, iLogistic

The acquisition is aligned with GLS’ expansion strategy, including in adjacent markets, and represents a key step in deepening its service offering within Hungary. With a focus on serving businesses ranging from small enterprises to large service providers across various industries, iLogistic’s significant growth reflects the increasing demand for market-leading fulfilment services.

What makes this interesting is that IDS, parent company to GLS and owners of Royal Mail are currently under offer to Czech billionaire Daniel Kretinsky, pending regulatory approval. GLS is the profitable arm of IRS, whilst Royal Mail have been loss making in recent years.

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