Kerry Logistics acquires Turkish forwarder ASAV

ASAV Kerry Logistics

Kerry Logistics Network acquires a majority interest in Turkey’s Asav Lojistik Hizmetleri Anonim Sirketi (ASAV) as part of its global network expansion and to strengthen its international freight forwarding (IFF) capabilities.

“Building upon ASAV’s competitive advantages of established operations and a diversified mix of domestic and international customers, the acquisition will help Kerry Logistics to gain a major foothold in Turkey and further consolidate its network and capabilities in the region,” the Hong Kong-based logistics company says.

Founded in 1994 in Turkey, ASAV was ranked No. 1 in Turkey’s Top 5 Agents by tonnage flown, according to 2017 and 2018 yearly IATA rankings, offering professional air, ocean and road freight to the market.

ASAV has seven offices across the country, including five in Istanbul, one in Bursa and one in Izmir, as well as one in Amsterdam in the Netherlands. It also has a warehouse of 42,000 sqm in Istanbul combining bonded and non-bonded storage areas plus a bonded warehouse of 2,000 sqm in Amsterdam.

Mathieu Biron, managing director – Global Freight Forwarding of Kerry Logistics, says: “We are excited to work with ASAV, a young, dynamic and highly professional team, to tap into the business potential of a promising market and create greater synergy with the diverse mix of customers it brings.

“The partnership is poised to significantly boost our IFF capabilities in Turkey and enrich our resources in the Europe-Asia freight route, instrumental in helping us to further expand our IFF business worldwide.”

Melek Karabacak, vice chairperson of ASAV, adds: “For the past 25 years, ASAV has built a solid foundation and a rich customer portfolio in Turkey and the region. Joining Kerry Logistics is exciting news for us. We are looking forward to combining our local and regional expertise with Kerry Logistics’ global network and extensive service offerings to support our ongoing development and provide a broader range of innovative solutions to our existing and future customers.”

Kerry says that taking into account the “positive profit growth and expansion potential,” in its international freight forwarding division, the group will continue to focus on expanding its IFF business both organically and through mergers and acquisitions.

Kerry Logistics has a network covering 53 countries and territories, and is managing 6.5 million sqm of land and logistics facilities worldwide.

Summary
Kerry Logistics acquires Turkish forwarder ASAV
Article Name
Kerry Logistics acquires Turkish forwarder ASAV
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Kerry Logistics Network acquires a majority interest in Turkey's Asav Lojistik Hizmetleri Anonim Sirketi (ASAV) as part of its global network expansion and to strengthen its international freight forwarding (IFF) capabilities.
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AsiaCargoBuzz.com
AsiaCargoBuzz.com
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