To sign up for Analytiqa's free weekly newsletter, please enter your details below.
Analytiqa will not share this information with third parties.
Meeting market demand for a single contact to handle all logistics and transport services
Owens & Minor, Inc. has announced its intention to sell its European logistics business, Movianto, to EHDH Holding Group (EHDH), a privately held French company and one of Europe’s leading providers of healthcare logistics services.
For EHDH, this potential combination of EHDH and Movianto comes at a key moment in its development and in response to market demand for a single contact to handle all logistics and transport services at European level.
While Movianto has been an important part of the Owens & Minor family, the intended transaction would advance Owens & Minor’s mission by providing greater ability to focus on and invest in its differentiated products, services and US distribution businesses.
The intended transaction is subject to discussions, where mandated, with employee representative bodies and certain conditions, including customary regulatory and other approvals. Subject to these, the intended transaction would be expected to close in the first half of 2020. Sale proceeds are intended to be used toward debt reduction.