Prologis to acquire SEGRO in $18.8B deal, expanding its European logistics footprint by 47%.

Prologis has agreed to acquire SEGRO for approximately $18.8 billion, combining two major logistics portfolios to create a global platform with $269 billion in assets. The deal will expand Prologis' European footprint by 47%, adding 368 million square feet of operating portfolio and boosting its development pipeline and land bank significantly. SEGRO shareholders will receive Prologis shares with an option for partial cash, and the transaction is expected to close in the first half of 2027 after regulatory approvals. This acquisition aims to enhance Prologis' long-term growth and earnings potential while maintaining strong credit ratings.