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Panalpina takes a stake in Carelog

May 3 - Panalpina World Transport has acquired a majority stake in Carelog Freight Service, a Danish freight forwarding and logistics company.

According to Panalpina, the two companies complement each other ideally in terms of geography, product strengths and customer mix. While Carelog is strong in ocean freight, Panalpina is traditionally strong in airfreight. The merged company will employ approximately 70 people across six locations in all regions of Denmark.

"We want to increase our market share in Denmark," says Stefan Karlen, Panalpina's ceo.

Volker Boehringer, regional ceo Europe at Panalpina, added: "Panalpina and Carelog together create a respectable mid-sized freight forwarding and logistics company in Denmark and provide a solid foundation for further growth."

According to Panalpina the acquisition is in line with its global growth strategy.

Panalpina will also acquire the Kenya-based company, Air Connection, a forwarder specialised in the export of flowers and vegetables. The companies reached an agreement on May 2, 2017, two weeks after Panalpina formally announced the launch of its global perishables network

 

www.panalpina.com

www.carelog.dk

www.airconnectionltd.com

 

Heavy Lift | News

Laso rebrands GTE in Mozambique thumbnail image

Laso rebrands GTE in Mozambique

February 12 - Mozambique-based GTE-Gruas E Transportes Especiais, a subsidiary of Laso Transportes, has rebranded as Laso Moçambique.
Views: 1023
Alistair completes mining moves  thumbnail image

Alistair completes mining moves 

February 10 - Alistair Group has transported nearly 2,000 tons (1,814.4 tonnes) of steel structures from Durban, South Africa to a mining site in Kolwezi, Democratic Republic of the Congo.
Views: 961

Heavy Lift Across The World

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