Press Release - Bomi Group further expands in LATAM and completes the acquisition of ILS Corporation in Ecuador and Peru

Bomi Group, world leader in the Contract Logistic Organization (CLO) for the Healthcare market, is proud to announce the acquisition of ILS Corporation, Ecuador and Peru market leader in high quality logistics services for the pharmaceutical, med-tech and animal health sectors. The group has also established an impressive base in Peru.

The transaction consists in the acquisition of 100% of the share capital of a group of five companies owned by the same shareholders, all of them active in the area of transport and logistics operations for the Healthcare sector.

Integrated Logistics Services (ILS) was established in 1999 with the purpose of providing integral logistics services, complying with international standards and designed according to the customers’needs based on their own internal policies and procedures. It operates in QuitoGuayaquil and Cuenca, with additional cross-docking operations in Portoviejo and Sto. Domingo which enables the Group to have a nationwide coverage.

ILS Peru has a state-of-the-art facility in Lima, next to the Bomi Peru distribution center. ILS’s service portfolio includes: warehousing, inventory control, conditioning, picking/packing, distribution, last mile deliveries and cold chain management with a particular focus on pharma and animal health products. With 45,000 sqm of warehousing space, 1,500 m³ of cold rooms, 120 trucks and 3 million units labeled per year, ILS is the strategic partner in Ecuador who allows Bomi Group to further reinforce its solid presence in Latin America , improving once again its unique value proposition in the Region. Bomi Group is already present with its own facilities in the following LATAM Countries: Argentina, Brazil, Chile, Colombia, Mexico, Panama and Peru.

Andrea Nardocci, Bomi Group Global M&A Director, commented: “This important acquisition allows us to consolidate our presence in LATAM and to strengthen our capabilities in the pharma and animal health sector. The operation fits perfectly with our business strategy: now the focus is on executing a strong integration plan capitalizing on ILS management team’s experience and excellence”.

Marco Ruini, Bomi Group CEO, added: “We are honored to announce the acquisition of ILS, which represents a solid player, a clear leader in providing services of excellence to the industry. This transaction marks a significant step forward in our M&A build-up plan which represents one of the key pillars of our growth strategy for the coming years. We’ll continue to work on synergies in order to offer regional solutions to our multinational customers”.

Johnny Jarrin, ILS founder, commented: “I am pleased to know ILS will continue its operations with BOMI SpA, a globally recognized company that shares our same core values. For twenty years, ILS grew its business in Ecuador providing logistics services based on high ethical principles, standards of quality and responsibility towards clients, the government and the environment. We trust BOMI Group will continue to uphold these values as they resume operations”.

André-Michel Ballester, Bomi Group Chairman, concluded: “The acquisition of the leading healthcare CLO in Ecuador is perfectly aligned with the strategy we have defined alongside Bomi’s management team of acceleratingthe Group’s expansion in new geographies and new services. BOMI has now a solid base in Ecuador to accompany its clients and further develop its business. The extremely fast timeline in executing this operation is also a testimony of management’s capacity in rolling out its targeted acquisition strategy”.