Agility strengthens China network

01 July 2008

Agility, the global logistics provider, has signed a conditional agreement to acquire Cosa Freight, a full service ocean freight forwarder with offices in six key locations in China and a presence in Hong Kong, the US and Canada.

The acquisition will further strengthen Agility’s network capability in China and increase the range of services on offer in major trading and manufacturing centres across the country.
Cosa Freight has a particular strength on the Trans-Pacific trade and is very strong in providing a full range of services to the retail sector, including origin consolidation/upstream inventory management programmes in China and warehousing, trans-loading and delivery in the USA. With a staff size of over 200 and six offices in China its network will be a significant addition to Agility’s ability to offer customers the services they require, an Agility statement said.
“We are committed to strengthening our network in China and other strategically important countries in the region and also expanding our range of freight and logistics services throughout the country in order to better meet customer demand. The acquisition of Cosa Freight will help us achieve those goals,” said Wolfgang Hollermann, CEO, Asia Pacific for Agility.
In other Agility news, the company said that one of its units had won two deals worth $174 million to feed European Union troops in Chad.
The nine-month deal for GCC Services, renewable for up to three years, was to provide dining facilities to European Union troops in the African country, Agility said in a statement on the Kuwait bourse website.
Agility also said it had won a US military contract worth as much as $2.8 billion.
The contract is for providing logistics, supply and transport services for US troops in Kuwait and Iraq, Agility said in a statement on the Kuwait bourse website.

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