Compañía de Distribución Integral Logista S A : Logista increases its stake in Transportes El Mosca

• Through this operation, Logista increases its control of the business from 60% to 73.33%, in accordance with the terms of the acquisition deal
• Logista consolidates its position as one of the largest logistics operators in Spain, becoming the second top company in the full-load controlled-temperature segment.

Madrid, 3 August 2023.- Logista, a leading European logistics operator, has announced the increase of its stake in Transportes El Mosca, a company specializing in multimodal transportation to provide national and international land, sea and air freight services.

Logista announced the acquisition of 60% of Transportes El Mosca in June 2022, in a deal which contemplated a gradual increase of its stake, up to 100%, over the following three years. Through this new partial acquisition, Logista has increased its participation up to 73.33%, after purchasing an additional 13.33%.

El Mosca is a Spanish logistics company specializing in multimodal transportation, which provides national and international land, sea and air freight services. It manages a fleet of over 1,000 vehicles and has more than 1,100 employees distributed among its 12 premises, both in Spain and abroad.

El Mosca's operations are highly specialized in terms of handling both dry goods and also controlled-temperature (particularly perishable products), frozen, controlled-atmosphere and hazardous goods, for both full and consolidated cargo. In addition, El Mosca has extensive experience in national and international maritime freight operations, and maintains its own teams at practically all national ports, which have established it as the leading reference in this market segment.

Through this strategic operation, Logista strengthens its position in the national and international transportation sector for the food and pharmaceutical industries, becoming the second operator in the full-load controlled-temperature sector in Spain.

Íñigo Meirás, CEO of Logista, commented: "Increasing our stake in Transportes El Mosca represents another step in our diversification and growth strategy. With this operation we continue to consolidate Logista's position in temperature-controlled transportation and complements our existing capacities in value-added services for our clients."

About Logista - www.logista.com

Logista is one of the top logistics operators in Europe, specializing in proximity distribution channels. The company regularly serves nearly 200,000 sales points throughout Spain, France, Italy, Portugal, the Netherlands and Poland, and facilitates the best and fastest market access for a broad range of retail products, pharmaceuticals, electronic recharges, books and other publications, tobacco and lottery products, among others. In addition, Logista operates the largest transportation network in Spain, which is also certified for food safety.   

Logista maintains a team of highly qualified professionals, comprised by over 7,000 direct employees and 15,000 collaborators, all of them focused on providing service to customers and adapting to their needs in the most efficient manner.    

About El Mosca - www.elmosca.es

El Mosca is a Spanish logistics company, specializing in multimodal transportation to provide national and international land, sea and air freight services. It operates a fleet of over 1,000 vehicles and has more than 1,100 employees distributed among its 12 premises, both in Spain and abroad.

Its operations are highly specialized in terms of handling both dry goods and also controlled-temperature (particularly perishable products), frozen, controlled-atmosphere and hazardous goods, for full and consolidated cargo.

El Mosca has extensive experience in both national and international maritime freight activities, and maintains its own teams at practically all national ports, which have established it as the leading reference in this market segment.

Its Air Freight division, with a key hub at Adolfo Suárez Madrid-Barajas airport, exports and imports goods, mainly perishable foods, all over the world.

El Mosca has based its growth and business consolidation on the key levers of Automation, Digitalization, Traceability and Sustainability.