Gefco Group, a global industrial supply chain service and automotive logistics provider in Europe, has announced the completion of its acquisition of GLT – a logistics company specialising in the European-Moroccan trade.
The he acquisition of GLT, enhances Gefco’s position and professional experience in this region, especially in the automotive, fashion and retail industries, the company said.
“GLT can bring us more than 20 years of European-Moroccan line logistics expertise,” comments Luc Nadal, chairman of the Gefco Management Committee. “We welcome all GLT employees to the team of Gefco and hope that we can combine the business models of both parties to create more value for our customers.”
Founded in 1998, GLT is a recognised expert in logistics across the Strait of Gibraltar and a leader in the logistics of Algeciras and Tangier. The company is equipped with 75 trucks and 380 trailers, ensuring more than 16,000 crossings per year.
As a professional commercial entity for the Euro-Morocco portal, GLT will be owned and managed by Gefco Spain. The subsidiary has more than 30 years of high quality logistics experience with 700 employees and 5,000 industry customers.