[photopress:agility_freight_rforwading.jpg,full,alignright]Wolfgang Hollermann, CEO of Asia Pacific operations for Agility said the company has bought ocean-freight forwarder, Guangzhou Runtong International Transportation Company(GRITCL) for an undisclosed sum.
GRITCL, to use its more user-friendly name, whose annual revenues are estimated to be between $5 million and $10 million, has 138 employees in six Chinese provinces, with branch offices in Guangxi, Sichuan, Fujian, Yunnan and Chongqing. The deal will give Agility 14 offices in China.
Agility plans to make GRITCL’s Guanghzhou headquarters its base of operations for China.
Wolfgang Hollermann said, ‘It is important that we provide our customers with comprehensive services to meet their individual business needs throughout China.’
Agility is a $4.5 billion-revenue global logistics provider headquartered in Kuwait. The company formerly operated as the PWC Logistics group of companies, which included brands such as GeoLogistics, TransOceanic, and Trans-Link.
Source: Electronic Supply Manufacturing