In less than three years, Jacky Perrenot has acquired a Spanish carrier, a British operator and now a Dutch group. This is no coincidence: it is the methodical execution of a strategy aiming for 2 billion euros of revenue by 2027. With the closing of the Vos Logistics deal, the Drôme-based group is taking a decisive step.
Analysis by the experts at Auris Finance, advisors in mergers, acquisitions and financial engineering.
The Jacky Perrenot group announced on 28 April 2026 that it had completed the acquisition of Vos Logistics, once regulatory clearances had been obtained. The combined business represents close to 1.7 billion euros of revenue and more than 12,000 employees across Europe.
Vos Logistics, with around 400 million euros of revenue, 2,700 employees, 5,000 trucks and 300,000 square metres of warehouse space across 15 sites in four countries, is now part of the Jacky Perrenot group.
An acquisition driven by leadership momentum
With 1.3 billion euros of revenue before the deal, Jacky Perrenot has built a reputation over several decades as a leading name in transport and logistics, recognised for its operational excellence, its commitment to clients and its role in driving the sector’s decarbonisation.
This acquisition is no one-off move. Backed by EMZ and Siparex ETI, Jacky Perrenot completed the takeover of Spain’s Tamdis in 2022, a carrier specialised in home delivery of heavy and bulky goods. After acquiring ArrowXL in the United Kingdom in June 2025, the Vos Logistics deal reflects the group’s intent to cement its position among Europe’s leading logistics players. Each deal targets a specific geography and a clearly identified customer segment, and fits into a roadmap built around a clear revenue target.
Philippe Givone, Chairman of the Jacky Perrenot group, puts it plainly: “This acquisition marks a major milestone in our development. It allows us to take a step up in Europe and to offer our clients an even more complete, high-performing and competitive solution.”
Philippe Cuoc, CEO of the group, sets out the operational rationale: “Vos Logistics gives us the scale to navigate the sector’s transformations and strengthen our presence in the major European markets.“
Geographic and operational complementarity that drives value creation
What makes this deal particularly solid on industrial grounds is the lack of overlap between the two groups. The integration of Vos Logistics strengthens Jacky Perrenot‘s presence in Northern and Central Europe, while reinforcing its position on cross-border freight flows and complex supply chains. The combined group now operates more than 14,000 vehicles and 210 sites across Europe.
On the Vos Logistics side, Franck Verhoeven, CEO of the Dutch company, confirms the alignment: “This combination is a tremendous opportunity to create one of the most complementary European networks in transport and logistics. We share common values with Jacky Perrenot, and those values will be the strength of this project.“
A sector consolidating at speed
This deal fits into a broader trend running through the entire transport and logistics sector in Europe. The historical fragmentation of the market, combined with pressure on margins, the acceleration of the energy transition and growing client demand for integrated solutions, is creating the conditions for lasting consolidation. Players able to reach critical European scale, in terms of network, fleet and logistics capabilities, have a structural competitive advantage over their mid-sized rivals.
As Marc Castagnède and Jules Lecoeur, partners at A&O Shearman, note: “This acquisition marks a notable step in the consolidation of the European logistics market, which is going through deep transformations on the operational, technological and environmental fronts.“
For Jacky Perrenot, the target is now clearly set: 2 billion euros of revenue by 2027. With 1.7 billion already consolidated, the remaining gap is small, and the group has shown that it can identify, structure and integrate acquisitions on tight timelines.
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