February 2 - OIA Global has acquired American Cargo Express (ACE), which it believes will help expand its North American logistics and supply chain services.

ACE is a New Jersey based provider of domestic and international freight forwarding, warehousing and trade management as well as project cargo and logistics services.

Charlie Hornecker, ceo of OIA Global said: "Joining forces with ACE expands OIA's footprint into the highly competitive Canadian market of Toronto, and adds to our global network of locations which includes countries in Europe, Asia, and South America.

"He added: "Canada will mark the 27th country in which OIA Global operates and we will continue to explore these types of acquisitions in the future, provided they are strategic to our business, help grow our brand, expand our network and create value for our customers."

The financial terms of the acquisition were not disclosed.