Parcel service provider GLS has announced its expansion into the e-commerce fulfillment market with the acquisition of Spanish fulfillment and logistics specialist e-Log Logistica Insular.
Founded in 2015 and headquartered in Coslada (Madrid), e-Log specializes in two areas: providing fulfillment, logistics and transportation solutions to and from the Spanish peninsula and the Spanish Islands, Ceuta and Melilla with E-Log Last Mile; and offering specialized logistics solutions tailored to the needs of the e-commerce and travel sectors via E-Log Logística.
According to GLS, the acquisition is part of the company’s aim to build on its cross-border strengths and grow its parcel fulfillment services.
Dr. Karl Pfaff, chief executive of GLS Group, explained, “This acquisition is an exciting strategic step for GLS as we aim to expand our service offerings and strengthen our market presence. With e-Log’s expertise and specialized services, we can now offer a broader range of solutions to our customers, especially in the fulfillment sector. We are delighted to welcome Javier Vargas and his team to the GLS family and look forward to achieving great success together.”
Javier Vargas, chief executive of e-Log, added, “Partnering with GLS represents an exciting new chapter for e-Log. With our combined expertise and resources, we are well-positioned to deliver high-quality fulfillment and logistics solutions, greatly benefiting our customers. We are enthusiastic about the growth and possibilities this acquisition will bring.”
Read more about the growing trend for mergers and acquisitions in the e-commerce sector in the June 2024 issue of Parcel and Postal Technology International.
