Geodis is acquiring Rohde & Liesenfeld (R&L), its main freight forwarding partner, for US$109.18 million.

Reinforcing its strength in the freight forwarding business, Geodis is taking positions in the German and South African markets and deepening its Latin American network.

Rohde & Liesenfeld (R&L), the Geodis network’s main partner since 2002, is a German-
based international air and sea freight forwarding group. Its 2007 net revenue is
forecasted to be $382.86 million (excluding Customs revenue), attributable to both freight
forwarding and industrial projects. R&L operates mainly in Germany (34 percent of revenue),
Latin America (17 percent), South Africa (16 percent) and Australia/New Zealand (14 percent) and has 710 employees.

The acquisition of R&L will broaden the geographic reach of the Geodis Wilson network,
which will gain a significant position in Germany, thereby making Geodis Wilson a major
player in German freight forwarding.

This acquisition will also enable Geodis to serve
new international markets – particularly South Africa, where R&L is well established –
and substantially deepen its presence in Latin America.

In addition, the Group will benefit
from R&L’s expertise in handling industrial projects, especially in the oil and gas industry.