AIT Worldwide Logistics has extended its global footprint with the acquisition of ConneXion World Cargo, in an agreement finalised on Friday 30 November.
The London-based freight forwarders’ headquarters is in Colnbrook, Berkshire near London’s Heathrow Airport, along with operational centres in Exeter and Manchester, and offices in Halifax, Canada; Hong Kong, China and Paris France.
AIT president and CEO, Vaughn Moore says the acquisition fulfils the long-term goal to establish a greater presence in the UK.
He says: “This acquisition also reinforces AIT customers’ supply chains in the UK with robust local expertise, particularly when it comes to licensing and customs connections. Adding the ConneXion group to our global team will help mitigate any uncertainty our customers with business in the UK may have with respect to the forthcoming Brexit milestones.”
Moore adds: “AIT is thrilled to expand our operations in Europe with the acquisition of ConneXion World Cargo. We welcome our new ConneXion colleagues in Asia, Europe and North America to our global team and we look forward to supporting ConneXion’s loyal customers.”
AIT chief information officer, Ray Fennelly says ConneXion is an “excellent fit for AIT”, commenting: “The members of their management team have a long tenure with the business during which they have cultivated impressive long-lasting partnerships with their customers. They are a financially stable full-service provider with extensive local relationships and knowledge; we are very pleased that ConneXion’s global team of logistics professionals have joined AIT.”