DHL Supply Chain has made an acquisition in Colombia after investing in national logistics provider Suppla Group, which provides logistics service across the growing Latin American country.
Suppla has a solid local presence in five regions and coverage of 25 cities of Colombia, about 500,000 square meters of storage capacity and around 4,500 employees. No financial details of the acquisition were revealed.
DHL Supply Chain, the contract logistics specialist within Deutsche Post DHL Group, said the Suppla Group has an established products portfolio, including warehousing and packaging services across life sciences and healthcare, retail, consumer, and technology sectors, and has a “solid business model with experienced management, stable business principles, and structured governance”.
This experience in the local logistics market it said is significantly helping it to improve its footprint in Colombia.
DHL Supply Chain Latin America chief executive officer, Javier Bilbao said: “The expansion into the developing Andean region in South America, specifically in Colombia, is key to achieve our Strategy 2020 targets and allows us to unlock further growth potential.
“With Suppla’s proven business results, professional operations and a strong overlap to DHL Supply Chain’s culture, products, sectors and customers, we are taking one more step to tap the potentials of a promising market environment and be ready to serve our national and international customers.”
DHL Supply Chain’s services in Colombia include service logistics operations, supported by a recently inaugurated warehouse in Bogotá. The acquisition will allow DHL Supply Chain to strategically expand its portfolio in the market.
“Colombia has ambitious investment programs in the coming years, and we are confident that this acquisition will strengthen our presence to provide integrated and customised solutions to our local and regional customers”, added Bilbao.
“Becoming part of DHL Supply Chain is spectacular news for us,” says Suppla president, Robinson Vásquez Escobar. “Since our founding in 1944, we have developed people, capabilities and geographies throughout out the country.
“We are looking forward to merge our local market knowledge with the resources and competencies of a global player, projecting our people in the most global logistics company and giving our customers service opportunities beyond our frontiers.”