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Kerry Logistics acquired Turkey’s ASAV to further expand global network

[ November 21, 2019   //   ]

Kerry Logistics Network Limited announced the acquisition of a majority interest in Turkey’s Asav Lojistik Hizmetleri Anonim Sirketi (ASAV) to further the expansion of its global network and strengthen its international freight forwarding capabilities.

Building upon ASAV’s competitive advantages of established operations and a diversified mix of domestic and international customers, the acquisition will help Kerry Logistics to gain a major 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 tonnage flown, according to 2017 and 2018 yearly IATA rankings, offering professional air, ocean and road freight to the market.

ASAV has seven offices across the country, including five in Istanbul, one in Bursa and one in Izmir as well as one in Amsterdam in the Netherlands. It also has a warehouse of 452,000 sq ft in Istanbul combining bonded and non-bonded storage areas plus a bonded warehouse of 21,500 sq ft in Amsterdam.