We are pleased to announce that our firm advised General Logistics Systems B.V. (GLS), a subsidiary of International Distribution Services plc (IDS), one of the largest parcel services providers in Europe with operations also in North America, on its recent acquisition of a 20% stake in ACS Courier and Postal Services from Quest Holdings SA for €74 million. As part of the transaction, GLS also secured a call option to acquire the remaining 80% of ACS’s share capital within the next two years for a consideration of €296 million.

GLS’ legal team consisted of Lars Gebauer, general counsel GLS Group and Dr. Marcel Gellings, assistant general counsel GLS Group, whom we thank for the excellent collaboration.

Our core team consisted of our partner Catherine Karatzas, senior counsel Nikos Zachos, and senior associate Olga Vinieri. Employment aspects were dealt by our partner Angeliki Tsatsi and associate Anna Pechlivanidi.
Our team was further assisted by associates Vassiliki Nikolaou, Katerina Stathakarou, Apostolos Latsonas, Pinelopi Anyfanti and trainee lawyer Michalis Chatzakis for corporate, commercial law and other matters; partner Anna Manda, senior associate Maria Kallidopoulou and associate Maria-Christina Raptopoulou for competition matters; senior associates Argiro Vagia and Katerina Toumpanou and associates Mara Skiada, Nikos Kazantzidis and Konstantina Chranioti for real estate matters; senior associate Ilia Polyzoidi and trainee lawyer Natalia Angelou for litigation due diligence matters; and senior associate Dimitra Karampela, associate Panagiotis Kontizas and trainee lawyer Vassiliki Papanastasiou for data protection and IP issues.

For more information: https://gls-group.com/GROUP/en/GLS-Group-acquires-minority-stake-in-market-leading-Greek-parcel-carrier-ACS/