Number1 Expands with FM Logistics Acquisition

Deal News | Apr 02, 2025 | Finance Community IT - 1 Corporate M&A

Number1 Logistics Group has acquired the Italian operations of FM Logistics, fortifying its position in the contract logistics sector, especially in the Fast-Moving Consumer Goods (FMCG) and Health & Beauty Care domains. Grant Thornton facilitated this transaction as the buy-side advisor, providing comprehensive due diligence and tax services. Simultaneously, FM Logistic was advised by EY, covering aspects ranging from M&A advisory to legal and HR due diligence. This acquisition signifies a strategic shift towards market consolidation, enhancing operational efficiency and service range, capturing over 25% of market share. Despite this expansion, FM Logistic will maintain control of its operations at Corteolona, which remains outside the deal.

Sectors

Logistics and Supply Chain
Fast-Moving Consumer Goods (FMCG)
Health & Beauty Care

Geography

Italy – The acquisition involves the Italian operations of FM Logistic.

Industry

Logistics and Supply Chain – This acquisition is in the logistics sector, specifically focusing on contract logistics operations.
Fast-Moving Consumer Goods (FMCG) – Involves logistics for fast-moving consumer goods, which is a focus of the acquisition.
Health & Beauty Care – Relates to logistics services for health and beauty care products, a key focus of the acquisition.

Financials

Participants

Name	Role	Type	Description
Number1 Logistics Group	Acquirer	Company	A logistics company acquiring FM Logistics' Italian operations.
FM Logistic	Target	Company	The company whose Italian operations are being acquired by Number1 Logistics Group.
Grant Thornton	Advisor (buy-side)	Company	Provided M&A buy-side advisory services to Number1 Logistics.
EY	Advisor (sell-side)	Company	Provided M&A advisory services to FM Logistic.
Sante Maiolica	M&A Responsible at Grant Thornton	Person	Led the M&A buy-side team for Grant Thornton.