Xwift acquires Vadesco Logistics

Last modified: 27 February 2024 15:00
After four previous acquisitions, transport company Xwift is now acquiring Vadesco Logistics from Lier.

The acquisition increases Xwift’s fleet with 87 vehicles and the number of employees with 100 to a total of 450 employees. The anual turnover is 62 million euros.

Vadesco Logistics was founded in 1974 and specializes in dedicated transport and 24-hour distribution in the Benelux, Northern France and Germany. Over the years, the company from Lier has incorporated two other transport companies (Jos Plas & Cie and VDC). In the 2022 financial year, these three companies generated an added value of five million euros. Vadesco Logistics also has three warehouses in Lier with a total area of ​​12,000 m2.

The family shareholders of Vadesco Logistics have decided to sell their company to the group led by Pieter Denys. “Vadesco Logistics shares the same human and professional values ​​as Xwift,” says Denys. “All Vadesco employees are kept on board. The site in Lier will also be preserved. This allows us to offer our customers a broader range of services and brings us closer to our objective of achieving a position among the top 10 transport companies in Belgium.”

Related articles