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12/2025

GROUPE MALHERBE acquired by GEODIS

FRANCE Transport & Logistics / Freight Transport / Road Freight EV 100M - 350M EUR

Context

In a major market consolidation move, the logistics giant GEODIS has signed an agreement to acquire the Groupe Malherbe. This "Corporate" transaction marks the exit of financial investors (Siparex, etc.) and the end of Malherbe's independent LBO cycles. By integrating Malherbe, GEODIS significantly strengthens its French road transport network, creating a combined entity with EUR2 billion in revenue solely in this segment (Road Transport), capable of competing with European leaders.

In the past, the company underwent an LBO led by Arkea Capital / Unexo / Socadif in 2018, and continued an active consolidation strategy by notably acquiring Lm Trans Fret (2023).

GROUPE MALHERBE, which reported an EBITDA margin of in 2024, 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).

-> Deep-dive in Business Services market trends

Target

One of the leading French transport and logistics organizers (ranked top 3 in general cargo). The group operates a hybrid model combining its own fleet (~1,400 trucks) and a vast chartering network. It handles general freight, bulk, and temperature-controlled transport for the agri-food, construction, and retail industries.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
2023

Other operations with GROUPE MALHERBE

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
02/2023GROUPE MALHERBELM TRANS FRETFRANCERoad Freight
12/2018ARKEA CAPITAL / UNEXO / SOCADIFGROUPE MALHERBEFRANCERoad Freight

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 250M - 500M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GROUPE MALHERBE by GEODIS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: groupe malherbe

Acquirer: geodis