Freight News, Road, Logistics, Business

Gefco buys Morocco specialist

[ January 11, 2018   //   ]

French-based forwarder Gefco Group has acquired European-Moroccan transport specialist, GLT, is subject to regulatory approval. Founded in 1998, GLT has major customers in the automotive and fashion and performs over 16,000 crossings per year with 75 trucks and 380 trailers between Algeciras and Tangiers. Its management is based in Oiartzun, near Irun and it operates dispatch and maintenance centres in Tangiers and Algeciras.

GLT will be fully owned and managed by GEFCO Spain.

Gefco said the move would strengthen its GE presence in the region at a time of fast-growing trade between Europe and Morocco in the automotive and retail / fashion industries.

Tags: ,