Geologistics, an international freight forwarder with 254 branches in 26 countries, withdrew its application for an IPO on Friday. In early September, the company disclosed that it was officially acquired by global supply chain company PWC Logistic. The deal had originally been announced in July 2005 for an aggregate purchase price of $454 million. The combined company will have over $3 billion in revenue and a presence in 100 countries. Geologistics originally filed to go public in January of 2005 with Bear Stearns and Citigroup as its lead underwriters.
