Kerry Logistics has announced the acquisition of a majority stake in Turkey’s Asav Lojistik Hizmetleri Anonim Sirketi (‘ASAV’). The acquisition is part of the expansion of its global network and strengthening of its international freight forwarding (‘IFF’) capabilities.
ASAV’s established operations and a diversified mix of domestic and international customers will help Kerry Logistics to gain a foothold in Turkey and further consolidate its network and capabilities in the region.
Founded in 1994 in Turkey, ASAV offers professional air, ocean and road freight to the market. ASAV has seven offices across the country, including five in Istanbul, one in Bursa and one in Izmir as well as one in Amsterdam in the Netherlands. It also has a warehouse of 452,000 sq ft in Istanbul combining bonded and non-bonded storage areas plus a bonded warehouse of 21,500 sq ft in Amsterdam.
Mathieu Biron, Managing Director for Global Freight Forwarding of Kerry Logistics, said, “We are excited to work with ASAV. The partnership is poised to significantly boost our IFF capabilities in Turkey and enrich our resources in the Europe-Asia freight route, instrumental in helping us to further expand our IFF business worldwide.”
Melek Karabacak, Vice Chairperson of ASAV, said, “For the past 25 years, ASAV has built a solid foundation and a rich customer portfolio in Turkey and the region. Joining Kerry Logistics is an exciting news for us. We are looking forward to combining our local and regional expertise with Kerry Logistics’ global network and extensive service offerings to support our ongoing development and provide a broader range of innovative solutions to our existing and future customers.”
Kerry Logistics is set to continue to focusing on expanding its IFF business both organically and through mergers and acquisitions.
Source: Kerry Logistics
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