2L LOGISTICS acquired by STELLANTIS
Context
Groupe CAT, a European giant in automotive logistics, has acquired a majority stake in 2L Logistics. This transaction marks a significant consolidation in the French market. By integrating 2L Logistics, Groupe CAT significantly reinforces its fleet and territorial coverage in France. For 2L Logistics, which had been growing through its own acquisitions (such as Transports Marzat), backing a global industrial player provides the financial stability and network required to sustain its rapid expansion in a capital-intensive sector.
As a reminder, 2l Logistics had previously acquired Transports Marzat in 2023 as part of its expansion strategy.
2L LOGISTICS, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).
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Target
A French transport and logistics company specializing in the automotive sector (vehicle logistics). It offers vehicle transport, storage, and preparation services. Before the acquisition, it was the 4th largest player in France in this niche, operating a fleet of ~650 car-carrier trucks.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with 2L LOGISTICS
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2023 | 2L LOGISTICS | TRANSPORTS MARZAT | FRANCE | Road Freight |
REFERENCES
Revenue range: 50M - 100M EUR
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Acquirer: stellantis