Kerry Logistics cements Turkey presence with ASAV acquisition
Nov 18, 2019: Kerry Logistics has acquired a majority interest in Turkey’s Asav Lojistik Hizmetleri Anonim Sirketi (ASAV) in a bid to further expand its global network and strengthen its international freight forwarding capabilities. The move will help Kerry Logistics cement its position in Turkey.
Mathieu Biron, managing director - global freight forwarding of Kerry Logistics, said, “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 international freight forwarding business worldwide.”
Founded in 1994 in Turkey, 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 452,000 sq ft in Istanbul combining bonded and non-bonded storage areas plus a bonded warehouse of 21,500 sq ft in Amsterdam.
Melek Karabacak, vice chairperson, ASAV said, “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 an 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 Logistics announced the acquisition of a majority interest in Turkey’s Asav Lojistik Hizmetleri Anonim Sirketi (‘ASAV’) to further the expansion of its global network and strengthen its international freight forwarding capabilities…— Kerry Logistics (@KerryLogistics) November 18, 2019
Full release: https://t.co/Buqx07ScsK pic.twitter.com/DXfdYdseNJ