Logistics company and 2023 RTIH Innovation Awards nominee Kammac announces acquisition by Elanders
Kammac has been acquired by the Elanders group, a Swedish stock market listed business which offers global supply chain management solutions.
Financial terms of the deal were not disclosed.
The purchase price will be paid in two parts, one at the time of the takeover and the other as an earn-out in 2025.
Elanders, which operates in 20+ countries around the world and employs more than 7,000 people, says that the acquisition is in line with its strategy to constantly develop its offering and broaden its customer base. As a result, the UK will become its fourth largest market.
Kammac has developed a 3PL concept. A competitive edge comes in the form of the start up time for new customers being only one to two weeks.
Kammac is also well positioned to support businesses across a number of sectors. Several of its warehouses offer services such as bonded warehouses and temperature controlled environments.
And it has a license to handle medical products such as pharmaceuticals and their components.
According to a press release: “On a day to day basis it is very much business as usual for Kammac, albeit under new ownership. There will likely be some structural changes within senior management positions over the next few weeks to ensure continuity and to align with authority level delegation from Elanders.”
“The next stage of Kammac’s growth journey is expected to be an exciting one with new ideas, new opportunities and new initiatives to come which will allow the business to flourish as it transitions to being part of the Elanders group.”
Ged Carabini, Chief Operations Officer at Kammac, comments: “I am very proud of the growth journey that we have made and the unique platform that we at Kammac have created in recent years. With the global footprint that Elanders has, we will be able to grow further in the UK by being able to offer Elanders' current customers our solution.”
“I also see great opportunities to develop the current Kammac offering by using Elanders' proprietary platform for omnichannel solutions. I am also convinced that our unique business model will be able to create new business opportunities for Elanders in other markets.”
2023 RTIH Innovation Awards
Kammac is among the shortlisted companies at the 2023 RTIH Innovation Awards.
It is in the running for our Supply Chain Innovation gong.
Our winners will be revealed at a fantastic awards ceremony, which will take place at the Barbican Centre in central London.
The event will be held on Wednesday, 29th November, maintaining its popular evening format, with a drinks reception in the stunning Conservatory, followed by a Christmas themed three course meal, and awards ceremony in the Garden Room.
To book your place at this must attend event, click here.
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