The Spanish freight forwarder will be integrated into global forwarding division and technology platform following the approximately $48 million cash purchase.
C.H. Robinson Worldwide Inc. announced Friday it had purchased Spanish freight forwarder The Space Cargo Group for approximately $48 million in cash.
Space Cargo, headquartered in Madrid, will be integrated into C.H. Robinson’s global forwarding division and single global technology platform, Navisphere, according to a press release.
Space Cargo, an ocean and air freight forwarding provider, has more than 2,500 active customers with seven offices in Spain and one in Colombia. It ended its fiscal year with about $84 million in gross revenues.
“We look forward to working with Space Cargo’s customers to offer our full suite of logistics services to enhance their supply chains,” said Bob Biersterfeld, COO and CEO-elect of C.H. Robinson. “Space Cargo’s leadership, expertise and strong customer and carrier relationships, combined with C.H. Robinson’s global service offerings and network, will also create more robust capabilities for our customers and add scale to our business.”
C.H. Robinson’s global forwarding business currently serves five continents and 32 countries, according to the release.
C.H. Robinson purchases The Space Cargo Group
