Cash-rich Kerry Logistics has taken another step in its ambitious growth plans, acquiring one of Turkey’s top air freight forwarders.
In a deal revealed by Loadstar Premium in June to buy Asav Lojistik Hizmetleri Anonim Sirketi (ASAV), Kerry has expanded its freight forwarding capabilities between Asia and Europe – and is looking for more acquisitions.
ASAV has seven offices in Turkey and one in Amsterdam, as well as a 452,000 sq ft warehouse in Istanbul for both bonded and non-bonded goods and a 21,500 sq ft …
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Source: The Loadstar