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OVRSEA, the jewel of digital logistics, is now part of the Bolloré Group

Paris. 09 February 2021

The Bolloré Group has acquired a majority stake in OVRSEA, a digital freight forwarding company. OVRSEA, which remains independent, will be able to rely on the French Multinational to step up growth and conquer the global market.

OVRSEA, founded in 2017, is a digital freight forwarding company that harnesses technology to simplify and optimize international transport for businesses. The start-up has made the bold move of digitalizing the sector through a web interface for transport management, from quotes to invoices via real-time tracking. And that move has paid off, the company having tripled revenue in 2020 and won over 500 customers since its creation. Today, it has chosen to join Bolloré Logistics to accelerate its international expansion.

Bolloré Logistics is a global supply-chain player ranking among the world top ten in transport organization and contract logistics. It has a network of 607 agencies in 109 countries and logistics hubs at the crossroads of international trade. Despite its size, the Group owes its success to its agility and entrepreneurial spirit, illustrated once again by this investment.

The alliance demonstrates the complementary fit between Bolloré Logistics and OVRSEA. Together, the two firms will bring businesses greater simplicity, transparency and responsiveness in the management of their international transport and at the same time contribute to the development of French expertise internationally.

The alliance will enable OVRSEA to open up to new markets by relying on Bolloré Logistics’ experience and network of global sites, while preserving its philosophy, management and employees. The people behind the success of the start-up remain more committed than ever to writing this new chapter and the company intends to double its workforce by the end of the year. And by 2025, OVRSEA aims to achieve annual revenue of €200 million.

For its part, Bolloré Logistics will be able to expand its range of services and provide its customers with an all-digital experience thanks to latest-generation technologies.

Cyrille Bolloré

Chairman of the Bolloré Group

The Bolloré Group is investing in OVRSEA because it is convinced of its potential. In just three years, the French start-up has revolutionized the international freight-forwarding sector by developing a 100% digital platform designed to make global trade easier for its customers. Our acquisition of a majority stake in OVRSEA will serve to step up our digitalization

Arthur Barillas

CEO of OVRSEA

OVRSEA has chosen to join forces with the Bolloré Group to accelerate its expansion on the international market. We will be opening new offices in Europe, the United States and Asia this year. OVRSEA remains independent and conserves its philosophy, management and employees

About OVRSEA

OVRSEA is a digital freight-forwarding company that simplifies and optimises international transport for businesses. The start-up coordinates all the transport operations and digitises processes through a unique and innovative management platform from quotes to invoices and providing real-time goods tracking.
OVRSEA has some 40 employees and is present in 60 countries. It is working with 500 customers, including Devialet, Nuxe and Yves Rocher, to develop a transparent and intelligent ecosystem that revolutionises international goods transport by air, sea and road.

https://www.ovrsea.com/fr/
 

About Bolloré Logistics

Bolloré Logistics is a major international supply chain operator and ranks among the world’s top ten transport and logistics groups with an integrated network of 600 agencies in 109 countries. Placing customers at the heart of its strategy, Bolloré Logistics is committed to designing innovative, robust and agile solutions. Through the reliable management of the entire supply chain, the company has developed a high level of resilience enabling it to control risks by securing transport plans through alternative options and to lead a continuous improvement policy over the long term while acting as an ethical and responsible player.

www.bollore-logistics.com

Press contacts:

Blandine Beaussant, Head of Marketing and Communication - OVRSEA
Tel +33 (0)6 37 44 58 43 - blandine(at)ovrsea.com

Cindy Patan, Media Relations Manager - Bolloré Transport & Logistics
Tel +33 (0)1 46 96 49 75 / +33 (0)7 72 40 49 75 – cindy.patan(at)bollore.com