Hong Kong-based Kerry Logistics Network has today announced the completion of an acquisition in the US with the purchase of a majority stake in Apex Maritime (APEX) and its affiliated companies. It said the act was contribution of a long-run international freight forwarding ( IFF ) scheme to expand its sales network and coverage global. Headquartered in South San Francisco, APEX was founded in 1990 and was ranked in the top three NVOCC ( Non-vessel in terms of Asia-US consequence volumes in 2015 according to Datamyne ‘s database of spell export data and international trade statistics. With over 20 years of experience in the industry, APEX specialises in trans-Pacific trade lanes and handled over 270,000 teu in 2015.
Reading: Kerry Logistics completes US acquisition, taking majority stake in APEX – Lloyd’s Loading List
“ The increased capacity through this partnership means more options, expanded geographies and better monetary value optimization for customers of both companies, ” Kerry Logistics said in a statement. “ Kerry Logistics ’ international customers now have a dedicate sales team on the grind to look after their commercial enterprise in the US market, deoxyadenosine monophosphate well as gaining complete issue chain visibility from origins to destinations ; and APEX ’ s divers base of customers now have access to a global net with enhance service offerings and solid logistics documentation across Asia, ”
Commenting on the skill, William Ma, Group Managing Director of Kerry Logistics, said, “ The acquisition of APEX is a major jump forward in our ball-shaped expansion plan. The Asia-US trade plays an significant role in our IFF increase scheme and APEX will form an important clientele weapon that far strengthens our ball-shaped network, enabling us to tap into new opportunities from trans-Pacific trades. It will besides bring reciprocal benefits to both companies, with enrich service offerings and extensive marketing network in the US to Kerry Logistics ’ customers ampere well as potent Pan-Asia logistics support to APEX ’ second customers. ”
He continued : “ In APEX, we are partnering with a team that has been meticulously built over the last two decades and shares the lapp vision of becoming a ball-shaped spouse of our customers. Integration is already afoot. I look forward to working closely with APEX ’ second management team as we execute our global development design. ” For his part, Vic Cheung, CEO and President of APEX, said : “ The APEX team is excited to join the Kerry Logistics family. We are fix to take full advantage in realising huge cross-selling opportunities from the integration. Our customers will gain global scale and best practices in provision chain management, while maintaining their relationship with the same team that has served them for years. We are enthusiastic to grow with Kerry Logistics from now on. ” The expansion of global bearing will better position Kerry Logistics to strengthen its external service capabilities and to seize business opportunities in a way to benefit its core operations in Asia, the argument concluded .