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EV Cargo to acquire Allport in Holland and Belgium

[ February 16, 2023   //   ]

Hong Kong-headquartered EV Cargo is to acquire the remaining 60% of the shares of Allport Netherlands from its joint venture partner, subject to merger control approval, making EV Cargo the sole shareholder of the company. As part of the transaction, EV Cargo will also acquire the remaining shares in EV Cargo Global Belgium to become the sole shareholder of this business as well.

Formed in 2012 as a joint venture between EV Cargo and Allport Netherlands by chief executive Victor Wever, the company provides air and sea freight forwarding and purchase order  management services for importers and retailers across the Netherlands. The business, which will be re-branded as EV Cargo and fully integrated into EV Cargo’s European logistics execution platform, will continue to be led by Victor Wever and his team.

EV Cargo already owns Allport Cargo Services in the UK, rebranding it to EV Cargo Global Forwarding in 2020.

It also acquired Fast Forward Freight in Amsterdam and Spanish air freight forwarder Air Express Cargo in 2022.

Commenting on the transaction, EV Cargo founder and chief executive, Heath Zarin (pictured), said: “EV Cargo has now built a substantial European platform to service its many customers in the region, with around 550 employees working out of 25 locations in eight countries and including nearly 1 million square feet of own-operated warehousing space. This transaction further strengthens our platform, adding excellent colleagues, capabilities and customers. We look forward to welcoming Allport Netherlands to the EV Cargo family.”

Victor Wever, added: “EV Cargo provides an outstanding platform in terms of its proprietary technology stack, physical infrastructure and global network coverage, all of which will enable us to accelerate our growth story, by serving our customers and managing their supply chains every day while also creating great career opportunities for our people. We are all very excited to join the EV Cargo family.”

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