Livingstone has advised the e-commerce service provider PVS EUROPE Group on the acquisition of SOLLER Fulfillment GmbH and padis GmbH as exclusive M&A advisor. SOLLER Fulfillment operates an e-commerce fulfillment center with a floor space of 7,000 m² in the greater Hamburg area.
The PVS Group is a leading e-commerce service provider owned by the German IT and BPO group Beck-Gruppe. In addition to e-commerce fulfillment services, PVS offers marketplace services, customer care, digital marketing services and IT services for e-tailers in Germany and Europe.
To this end, PVS operates warehouses with a total floor space of 120,000 m2 at six locations in Germany, where it handles around 10 million product shipments for more than 100 customers per year. Its main customers include well-known brands such as Payback, Playmobil, Faber-Castell, Chrysler Jeep, and Müller.
As one of the leading still independent providers of fulfillment services in Germany, PVS – against the backdrop of a consolidating market for e-commerce services – is aiming for volume growth and the expansion of its geographic footprint, also through acquisitions. The acquisition of SOLLER enabled PVS to extend its coverage to northern Germany, where it had not previously been present, and secured a warehouse site close to the port of Hamburg.
Livingstone supported PVS as buy-side advisor with the identification of suitable target companies and the execution of related M&A transactions. In this respect Livingstone has also supported PVS with SOLLER and padis transactions, which were successfully completed in four weeks.