Logicall acquires Drake & Farrell
| Target: | Drake & Farell |
| Buyer: | Logicall Group |
| Advisory sell side: | DEX international M&A | M&A Advisory DeBreij | Legal Advisory Corporate M&A Amstone Tax Lawyers | Tax Advisory |
| Advisory buy side: | Lexence | Legal Advisory Corporate M&A |
| Date announced: | 2024-05-08 |
Logicall, a portfolio company of Waterland Private Equity, has announced the acquisition of Drake & Farrell B.V., with DEX international M&A acting as the advisor to Drake & Farrell’s shareholders. This strategic move is set to create a unique combination in the logistics sector, enhancing the sustainability of supply chains for their customers.
Drake & Farrell is renowned for its mission to eliminate e-waste through its value-added circular supply chain solutions for the Telecommunication, E-mobility, and MedTech industries. With operations in the Netherlands and the Czech Republic, Drake & Farrell has successfully saved millions of tons of electronic waste, significantly reducing the working capital and ecological footprint of its customers.
Logicall, a comprehensive logistics provider with 35 offices and over 1,500 employees across twelve countries, offers seamless services across key locations. The acquisition is expected to bolster Logicall's capabilities in reverse logistics and the refurbishment of electronic equipment, reinforcing their commitment to enhancing the circularity of supply chains.
Rob Linders, CEO of Logicall Group, stated, “Drake & Farrell is a good fit with our one-stop-shop logistics services. Together, we can further develop our activities around reverse logistics and refurbishment of electronic equipment, accelerating our efforts to create value for customers and enhance the circularity of their supply chains.”
David Engel, CEO of Drake & Farrell, expressed his optimism about the partnership, saying, “Together with the extensive services of Logicall, we will be able to offer significantly more value to our customers and amplify our efforts to rid the world of e-waste.”
The combined expertise and resources of Logicall and Drake & Farrell promise to advance sustainable practices in the logistics sector, paving the way for a more circular and environmentally-friendly supply chain.