Agility unveils acquisition of Starfreight Logistics in Kenya
Global logistics provider Agility has announced the recent signing of an agreement to acquire the Kenyan logistics company Starfreight Logistics Limited, which has two offices in Kenya, employing 150 staff.
The acquisition of Starfreight's two offices in Kenya, which employs 150, is intended to expand Agility's presence in the growing market of East Africa.
As a Nairobi-based customs clearance and freight forwarding provider, Starfreight Logistics focuses on the procurement and clearing of goods and machinery into Africa. Its services also include warehousing and project forwarding, haulage, cross-border documentation and transport, airfreight and customs examination, a statement from Agility said.
"For Agility, this acquisition comes at an important time when it is rapidly expanding its network across the globe," said Agility's Middle East and Africa chief Elias Monem.
"This acquisition is in line with our strategy that includes enhancing our strengths and network in emerging markets. More than 70 per cent of the international container cargo comes from, or is going to, the central and eastern regions of Africa and this acquisition creates a gateway for us to service this rapidly growing market," he said.
Starfreight's major customers include Hewlett Packard, Mitsubishi and Nestle, while regional clients are mainly large Kenyan manufacturers engaged in the automotive, pharmaceutical, plastic product, glass, paper and agricultural equipment sectors.
Said Starfreight Logistics managing director Dev Bij: "Starfreight is well-positioned among the local and regional logistics players and with the help of Agility, we will be able to develop our capabilities to compete on a global scale."
Reporting annual revenue of US$5.6 billion, Agility has over 29,000 employees in 550 offices in 100 countries. Through its Global Integrated Logistics (GIL) unit, Agility offers personal supply chain solutions supported by a comprehensive network of warehousing facilities, transport and freight management services.
The acquisition of Starfreight's two offices in Kenya, which employs 150, is intended to expand Agility's presence in the growing market of East Africa.
As a Nairobi-based customs clearance and freight forwarding provider, Starfreight Logistics focuses on the procurement and clearing of goods and machinery into Africa. Its services also include warehousing and project forwarding, haulage, cross-border documentation and transport, airfreight and customs examination, a statement from Agility said.
"For Agility, this acquisition comes at an important time when it is rapidly expanding its network across the globe," said Agility's Middle East and Africa chief Elias Monem.
"This acquisition is in line with our strategy that includes enhancing our strengths and network in emerging markets. More than 70 per cent of the international container cargo comes from, or is going to, the central and eastern regions of Africa and this acquisition creates a gateway for us to service this rapidly growing market," he said.
Starfreight's major customers include Hewlett Packard, Mitsubishi and Nestle, while regional clients are mainly large Kenyan manufacturers engaged in the automotive, pharmaceutical, plastic product, glass, paper and agricultural equipment sectors.
Said Starfreight Logistics managing director Dev Bij: "Starfreight is well-positioned among the local and regional logistics players and with the help of Agility, we will be able to develop our capabilities to compete on a global scale."
Reporting annual revenue of US$5.6 billion, Agility has over 29,000 employees in 550 offices in 100 countries. Through its Global Integrated Logistics (GIL) unit, Agility offers personal supply chain solutions supported by a comprehensive network of warehousing facilities, transport and freight management services.