KUWAIT CITY: Agility, a leading global logistics provider, today announced the acquisition of Geopetrol International Limited, a top freight forwarding and logistics company specializing in the Canadian oil and gas market for $8.3 million. Geopetrol's range of services include all aspects of freight forwarding, including air, ground, sea freight, customs clearance, and warehousing. The company has a special focus on project logistics, including heavy lift and oversize cargo shipments, as well as other specialized project forwarding services for the Canadian oil and gas industry. With offices located in Edmonton and Calgary, Alberta, and St John's, Newfoundland, Geopetrol has a strong customer base throughout the country. These locations now add on to Agility's network of over 550 worldwide offices and 32,000 employees.
"Geopetrol is a strong addition to Agility's operations in Canada and contributes the necessary talent and expertise we require to expand our oil & gas and project cargo offerings," said Mark Soubry, Chief Executive Officer of Agility Canada. "This acquisition gives us strategic capabilities to tackle the growing opportunities within Canada and into other international oil and gas markets," he said. Customers will greatly benefit from the combined synergies of the two companies, according to Larry Weischwill, SVP Americas of Agility Project Logistics. "Strengthened operations will offer customers better services and solutions through Agility's extensive global network and focus on personal service," he said. "It is a pleasure for us to be a part of the huge Agility network," said Ron Hedlund, President, Geopetrol, in Edmonton. "Their geographic reach and broad portfolio of services will be of great advantage to Geopetrol, while our specialized services and the niche market will indeed be an additional asset to Agility worldwide, "
Agility is a leading global logistics provider with more than 32,000 employees, and over 550 offices in 100 countries around the world. A publicly traded company, with over $6 billion in annual revenue, Agility has three key operating units -- Global Integrated Logistics (GIL), Defense & Government Services (DGS) and Investments. We focus on offering customers truly personalized service and flexible supply chain solutions tailored to meet their individual business needs, supported by a comprehensive network of warehousing facilities, transportation and freight management services. We also believe that we have responsibilities that extend beyond our commercial operations, as we are a worldwide network that is able to partner with local communities. Our contributions ensure the growth of our people, our business, and the future.
For more information about Agility, visit www.agilitylogistics.com
© Arab Times 2008
