UK-headquartered Allseas Global Logistics has acquired a 17.5 percent stake in France-based integrated shipping and logistics company Naxco Group.
Founder and managing director of Allseas Global Logistics, Darren Wright, said that following a successful joint venture of DKT Allseas Shipping with the Belgian division of Naxco Group “it has become apparent that we share the same vision and principles”. The “natural next step” was to become more involved in the group, he added.
Naxco, also being a stakeholder in the global network United Ocean Lines (UOL), gives Allseas Global Logistics further access to a forwarding network across all continents. “This acquisition is one of a number of growth ambitions we have on our agenda to further strengthen our position globally, whilst not forgetting our core values and commitments,” said Wright.
Naxco delivers 170,000 TEU per year and 700,000 freight tons of conventional cargo across 2,800 port calls per year. It is composed of 24 affiliates and 340 employees worldwide, all active in shipping, forwarding and Logistics, NVOCC, and port and marine services.