AIT Worldwide Logistics, a supply chain services provider, has acquired ConneXion World Cargo, a freight forwarder based in London, according to a Nov. 30 press release.
The acquisition will help AIT establish a greater presence in the United Kingdom, according to the release. Financial terms were not disclosed.
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“AIT has many customers in the U.K. with consistently high cargo volume, and the company’s aspiration to expand there has intensified in recent years,” AIT President and CEO Vaughn Moore said. “This acquisition also reinforces AIT customers’ supply chains in the U.K. 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 U.K. may have with respect to the forthcoming Brexit milestones.”
In addition to its London office, ConneXion has offices in Halifax, Nova Scotia; Hong Kong; and Paris. It operates other United Kingdom offices in Exeter and Manchester.
AIT, which is an abbreviation for Air It There, ranks No. 47 on the Transport Topics list of top airfreight forwarders.
