Agility News

Agility Solidifies Presence in Northern Europe With Latest Acquisition

BASEL, Switzerland, July 3 PRNewswire — The leading global logistics provider Agility today announced its 100 per cent acquisition of the Danish, CF Geologistics A/S. The Copenhagen-based forwarding specialists are known for tailor-made air and ocean freight solutions. The company has a strong customer base, especially in the chemical, pharmaceutical and technological industry sectors. With a highly dedicated staff of 17 employees, the CF Geologistics office solidifies Agility's coverage in Northern Europe.

Denmark is embedded in Agility Europe's Area North, which includes Sweden, Norway, Ireland and the UK. Customers will benefit greatly from the strengthened North European presence which will also allow complete access to Agility's global network and capabilities.

CF Geologistics has been acting as a joint venture partner and agent for Agility since 2004, with Agility having a 29 % stake in the company. It will now be fully integrated into the Agility organisation and will operate under the Agility brand. The company will also have access to all carrier programs and support services, such as tender management, sales and marketing and operations excellence.

"We are fully integrating a well established and proven partner into the European region. This is perfectly in line with Agility Europe's dedicated growth strategy and further solidifies our presence in this important market that links the North of Europe to the rest of the world", says Chris Price, Managing Director of Area North Europe for Agility.

Along with complete access to the global services portfolio of Agility, customers of CF Geologistics will also profit from the different combined synergies of the organization. Carrier costs will be optimized through existing air, ocean and road freight operations especially those of Agility Sweden; along with supply chain management solutions and design resources.

About Agility

Agility is a leading emerging market multinational with more than 32,000 employees, and over 550 offices in 100 countries around the world. A publicly traded company, w—Global Integrated Logistics (GIL), Defense & Government Services (DGS) and Investments. Agility GIL is our commercial division, providing integrated logistics solutions to customers spanning a range of industries from technology and retail to defense and government and oil and gas. The Agility DGS business group provides comprehensive logistics solutions to various government entities and non governmental organizations on a global basis. With three business divisions - Real Estate, Private Equity and Trade Facilitators, Agility Investments utilizes the local insights from our global network to invest in specialized opportunities in the emerging markets.

For more information about Agility, visit http://www.agilitylogistics.com.

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SOURCE Agility

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