16 May 2014 - Announcement
Belspeed NV, a leading European partner in fashion logistics, and its Turkish partner Netlog Logistics Group, a Turkey based logistics conglomerate with 15 transport and logistics companies, have completed the acquisition of TNT Fashion Group BV. In this transaction 100 per cent of the shares of TNT Fashion Group BV have been divested by TNT Express, the global parcel carrier company.
Belspeed and TNT Fashion combined will become a strong European player in fashion, lifestyle and e-commerce logistics with annual sales in excess of EUR 150 million. The new structure will be operating logistics and transport activities out of 300,000 sqm (3.2 million sqf.) of warehouses in the Netherlands, Belgium and the UK, with a total peak workforce of 1,500. A rebranding of the combined companies will be announced once the acquisition process is completed.
Based in Belgium, Belspeed is a fast growing third party logistics provider focused on fashion and lifestyle. Belspeed is co-owned by its management, Johan Milliau (CEO), Steven Rymenans (COO), Philippe Desmedt (CSO) and Saffelberg Investments.
Its customers are active in retail, wholesale and Business to Consumer e-fulfillment. The company provides supply chain and logistics services from various sites in Belgium for some of the top global fashion brands in the world. Currently the company services 28 countries throughout Europe. Belspeed is a key player in this omnichannel market approach and invests heavily in technology. Besides warehousing and value added logistics, Belspeed offers air/sea/road import solutions as well as last mile distribution.
Netlog Logistics Group is Turkey’s largest logistics and transport company with a consolidated turnover of over USD 500 million. The company has activities in retail, fashion, food, FMCG, automotive logistics as well as in cold chain distribution and warehousing. In addition to the breadth of value added services activities it provides from its 55 warehouses comprising over 500,000 sqm, Netlog also performs trucking, container forwarding and air freight operations globally. Netlog Logistics Group is owned by the Cak family and Yıldız Holding, one of Turkey’s largest conglomerates with a consolidated turnover of USD 11 billion.
TNT Fashion Group offers supply chain services for the fashion and lifestyle industry, including warehousing, packing/repacking, distribution, retailing and e-fulfillment services. It runs 200,000 sqm of modern warehousing, mainly in the Netherlands. Its customer base consists of European and US blue chip fashion and lifestyle companies. It has a vast coverage in transport solutions and has been very successful in assisting in the growth of its customers.
For more information:
Customer contact: Media contact:
Johan Milliau Luc Osselaer