Air, Business, Forwarding, Freight News

Updated: Ligentia buys UK’s Air & Cargo

[ January 14, 2019   //   ]

Ligentia Group has bought the business and assets of UK-based forwarder Air & Cargo Services. It said the move would substantially increase its footprint in the country and strengthen its freight forwarding proposition, expanding its global network to over 70 offices, 450 employees and generating annual revenues of £160m in 2019.
Ligentia also has offices in Poland, China, Vietnam, Thailand, South Africa and Madagascar.
Chief customer officer and managing director for Europe, Dan Gill, our said: ‘We are delighted to be able to provide a home to both the people and the customers previously associated with Air & Cargo Services. We believe our teams are stronger together and the integration is enabling us to fast-track the launch of a new and unbeatable proposition called ‘Ligentia Plus’ to the freight forwarding market.’
A note on Air & Cargo’s website stated that Grant Thornton had been appointed joint administrators the Company on 13 December and that, immediately following their appointment, the business and assets of the Company were sold to Ligentia UK. It added that any debts outstanding relating to services prior to 13 December would rank as an unsecured claim and details should be submitted to the administrators.