EV Cargo acquires majority share of transporter

Hong-Kong-based supply chain service provider, EV Cargo, has announced the acquisition of 75 per cent of the shares of Air Express Cargo S.L. from its founding family owners.

The strategic acquisition sees EV Cargo add another important market to its rapidly expanding European platform, which already features 20 offices and over 400,000 square feet of warehousing in the Netherlands, Belgium, Germany, Poland, France, Switzerland and Greece.

The acquisition of Air Express Cargo will also add customer depth and provide access to additional global trade lanes from Europe to US and South America.

Air Express Cargo will be branded as EV Cargo Spain, and the current founder and CEO, Francisco de la Cita, will continue to own 25 per cent of the shares while taking up the role of country MD.

“I firmly believe that by becoming part of EV Cargo, the future prospects for the business in Spain will be enhanced,” he said.

“It will enable us to provide our clients with the high-quality service they have enjoyed while being able to offer expanded services, which in turn will create opportunities to develop the business, attract new customers and drive growth.

“EV Cargo’s global infrastructure, technology capabilities and international freight network will create new and immediate opportunities across different trade lanes, particularly between Spain and South America.”

EV Cargo Vice President, Europe, Marc Terpstra, was delighted to welcome the Air Express Cargo to the EV Cargo family.

“Spain is an increasingly important market for us as we manage supply chains for the world’s leading brands, and we look forward to quickly developing our full-service proposition across air and sea freight, road freight and contract logistics to serve both existing and new customers,” he said.

In other news, Brazil-based OEM, Randon Companies, and steel specialist, Gerdau, have partnered to create a new heavy vehicle leasing business.

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