Getlink Announces the Acquisition of British Customs Intermediary ChannelPorts
11 Aprile 2024 - 6:00PM
Business Wire
Regulatory News:
Getlink (Paris:GET) announces the acquisition of ChannelPorts
Ltd, one of the leading British customs intermediaries. Established
in 1974 and based in Folkestone, Kent, ChannelPorts has 44
employees and a revenue in 2023 of around £10M.
This acquisition lies at the heart of transportation issues and
the need to simplify cross-Channel trade. Getlink thus offers a
unique range of services and support to facilitate the exchanges of
goods between Europe and the United Kingdom which is fully in line
with the Group’s Low Carbon – High Simplicity strategy.
ChannelPorts carries out the customs formalities that have
become compulsory since Brexit on behalf of its hauliers, logistics
and forwarding customers. The company relies in particular on a
digital platform – CustomsPro – which simplifies data exchanges and
improves the productivity of operations.
These services (import, export and transit formalities) will be
integrated into Sherpass, the Group’s digital platform that makes
border crossings easier for its transport and logistics
customers.
In this way, Getlink is consolidating a strong position on the
still-fragmented market for customs services between Europe and the
United Kingdom.
In addition to its customs clearance service activity,
ChannelPorts owns a secure truck park facility and service area –
“Stop24” – located on the M20 motorway in Folkestone, less than 10
kilometres from the entrance to the Channel Tunnel. “Stop24”
completes the range of secure solutions for truck drivers already
available on the French side by Eurotunnel’s Le Truck Village.
Yann Leriche, CEO of Getlink, said: “Administrative
procedures involved in crossing the border post-Brexit have made
the business of cross-Channel hauliers more complex. Our aim is to
accompany our freight customers by developing a comprehensive range
of services to help them with customs clearance. The acquisition of
ChannelPorts strengthens the Group’s portfolio of smart border
solutions. We are delighted to welcome the ChannelPorts teams who
over the past years have proved their ability to offer customers
simple and high value-added services.”
About Getlink
Getlink SE (Euronext Paris: GET), through its subsidiary
Eurotunnel, is the concession holder until 2086 for the Channel
Tunnel infrastructure and operates Truck Shuttles and Passenger
Shuttles (cars and coaches) between Folkestone (UK) and Calais
(France). Since 31 December 2020 Eurotunnel has been developing the
smart border to ensure that the Tunnel remains the fastest, most
reliable, easiest and most environmentally friendly way to cross
the Channel. Since it opened in 1994, close to 500 million people
and more than 102 million vehicles have travelled through the
Channel Tunnel. This unique land link, which carries 25% of trade
between the Continent and the United Kingdom, has become a vital
link, reinforced by the ElecLink electricity interconnector
installed in the Tunnel, which helps to balance energy needs
between France and the United Kingdom. Getlink completes its
sustainable mobility services with its rail freight subsidiary
Europorte. Committed to "low-carbon" services that control their
impact on the environment (through its activities, the Group avoids
the equivalent of 1.9 million tonnes of CO2 per year), Getlink has
made the place of people, nature and territories a central
concern.
https://www.getlinkgroup.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240411047266/en/
Press: Anne-Sophie de
Faucigny: +33 (0)6.46.01.52.86 Laurence Bault: +33
(0)6.83.61.89.96
Analyst and investor:
Virginie Rousseau: +33(0)6.77.41.03.39
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