News
GLS acquires Hungarian e-commerce fulfilment company iLogistic
02-July-2024 | Oude Meer
- GLS expands portfolio with acquisition of Hungarian e-commerce fulfilment company iLogistic
- The acquisition of iLogistic represents another stride in GLS' strategy to enhance its prominent presence in Europe, leveraging local and national strengths
Oude Meer, July 2, 2024 - GLS, a leading parcel service provider with presence in Europe and North America, has announced the acquisition of Hungarian e-commerce fulfilment company iLogistic. This strategic move enables GLS to offer e-commerce fulfilment services to GLS customers in and outside Hungary, as part of its approach to further diversify and grow its portfolio.
GLS aims to enhance its operational scope and capabilities, with parcel fulfilment as a key area of growth. The company is working towards becoming a more versatile logistics provider while maintaining its strong position in the parcel market.
"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," said Gergely Farkas, Managing Director of the GLS Group Eastern Europe region. "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."
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 clients,” says Bálint Csereklyei, CEO of iLogistic. "Together 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.”
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.
This acquisition marks an exciting chapter in GLS's continued growth and commitment to serving the evolving needs of businesses across Hungary and beyond.
About GLS Group
GLS Group is one of the largest self-reliant parcel services providers in Europe, with a strong local presence in almost all countries across the continent. It also operates through wholly-owned subsidiaries in Canada and on the USA’s West Coast within one GLS network. This allows GLS to seamlessly connect its customers and communities with millions of parcels and stories every day. GLS’ network connects its markets with high velocity and flexibility to respond to their fast-changing and dynamic nature. The company takes pride in providing its customers across 40 countries high-quality service that best suits their needs. The GLS network consists of over 120 hubs and more than 1,600 depots, supported by more than 36,600 walkers, light vehicles and vans, and 6,500 trucks. This offers network resilience, superior flexibility, and extended reach. In 2023/24, GLS generated record revenues of 5.6 billion euros and delivered 905 million parcels across the markets. For more information, visit www.gls-group.com .
GLS Group Media Contact
Press@gls-group.com
About iLogistic
iLogistic is one of Hungary's largest fulfilment service providers, offering scalable back-end support to its partners based on its extensive experience in warehouse management and logistics solutions since its establishment in 2016. In 2023, the company fulfiled over 1 million orders with the assistance of subcontractor partners, primarily through cooperation with GLS. iLogistic currently handles the daily turnover of around 300 e-commerce companies, including some of the largest players in the Hungarian market, all with a 100-person operation and over 14,000 square meters of warehouse space, while maintaining flexible and customer-focused operations. In addition to its significant presence in the Hungarian market, approximately 10% of its revenue already comes from international shipments, primarily targeting the European Union. iLogistic aims to be the leading service provider in the region, offering scalable and reliable services to its partners throughout the year with predictable pricing. For more information, visit www.ilogistic.hu/