Agility continues Chinese expansion
| Related News • Agility eyes China, India as U.S. government contract revenue slips • Agility to acquire Shenzhen forwarder |
Agility has signed an agreement to acquire Baisui United Logistics (Shanghai) Co. Ltd., a Shanghai-based domestic logistics company focusing on the chemicals, automotive, and fast moving consumer goods (FMCG) sectors. Terms were not disclosed.
Baisui Logistics has more than 300 employees in 15 locations throughout China, including Shanghai, Shenzhen, Tianjin, Wuhan, Nanjing and Chongqing, and manages eight logistics centers with more than 130,000 square meters of warehouse floor space.
'We are pleased to welcome Baisui Logistics to the Agility network,” said Wolfgang Hollermann, Agility’s chief executive officer, Asia Pacific. The company strengthens Agility's domestic transportation capabilities both in eastern coastal China and inland China along the Yangtze River.”
James Gagne, Agility’s CEO for Greater China Area, said: 'Baisui Logistics complements our growing service offering in China, both vertically in specialist sectors and by providing improved connectivity through the company's extensive domestic transport network. We will continue to grow organically and through acquisition in order to provide our customers with an integrated logistics solution throughout China.'
The takeover of Baisui Logistics will be the second for Agility in China this year coming after the acquisition of Shenzhen-based ocean freight forwarder Cosa Freight.