C.H. Robinson acquires Space Cargo

C.H. Robinson has announced the acquisition of The Space Cargo Group (“Space Cargo”), expanding its global network.

Space Cargo is a provider of ocean and air freight forwarding, in addition to providing customs brokerage and other logistics services. Headquartered in Madrid, Spain, Space Cargo has approximately 170 employees and has seven offices in Spain and one in Colombia. For the fiscal year 2018, Space Cargo earned approximately €74m in gross revenues.

C.H. Robinson purchased Space Cargo for approximately €42m in cash. The acquisition is expected to happen gradually through 2019 and further strengthens C.H. Robinson’s global forwarding business. It currently serves five continents and 32 countries. C.H. Robinson will integrate Space Cargo into its global forwarding division and single global technology platform, Navisphere®.

Bob Biesterfeld, Chief Operating Officer and Chief Executive Officer-elect of C.H. Robinson, said, “The acquisition of Space Cargo advances our strategy of expanding our presence globally. We look forward to working with Space Cargo’s customers to offer our full suite of logistics services to enhance their supply chains. Space Cargo’s leadership, expertise and strong customer and carrier relationships, combined with C.H. Robinson’s global service offerings and network, will also create more robust capabilities for our customers and add scale to our business.”

Source: C.H. Robinson