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Kerry buys Turkey forwarder

[ November 18, 2019   //   ]

Kerry Logistics Network has acquired a majority interest in Turkey’s Asav Lojistik Hizmetleri Anonim Sirketi. The Asian-based forwarder said the move would help it to gain a foothold in Turkey and further consolidate its network and capabilities in the region.

Founded in 1994 in Turkey, ASAV was ranked No. 1 in Turkey’s Top 5 Agents by airfreight tonnage flown, according to 2017 and 2018 yearly IATA rankings and also offers ocean and road services.

It has seven offices in Turkey, including five in Istanbul, one in Bursa and one in Izmir as well as one in Amsterdam in the Netherlands. It also has 452,000sq ft warehouse in Istanbul plus a 21,500sq ft bonded warehouse of in Amsterdam.