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AIT Worldwide buys UK's ConneXion World Cargo according to plan

ILLINOIS-based supply chain solutions provider AIT Worldwide Logistics has acquired for an undisclosed amount ConneXion World Cargo, a freight forwarder headquartered in London with five additional locations in Asia, Europe and North America

AIT Worldwide buys UK's ConneXion World Cargo according to plan

ILLINOIS-based supply chain solutions provider AIT Worldwide Logistics has acquired for an undisclosed amount ConneXion World Cargo, a freight forwarder headquartered in London with five additional locations in Asia, Europe and North America

10 December 2018 - 19:00

ILLINOIS-based supply chain solutions provider AIT Worldwide Logistics has acquired for an undisclosed amount ConneXion World Cargo, a freight forwarder headquartered in London with five additional locations in Asia, Europe and North America.

According to AIT CEO Vaughn Moore, the acquisition of ConneXion fulfills a long-term goal for the company to establish a greater presence in the United Kingdom. 'AIT has many customers in the UK with consistently high cargo volume and the company's aspiration to expand there has intensified in recent years,' said Mr Moore.



'This acquisition also reinforces AIT customers' supply chains in the UK with robust local expertise, particularly when it comes to licensing and customs connections. Adding the ConneXion group to our global team will help mitigate any uncertainty our customers with business in the UK may have with respect to Brexit,' he said.



ConneXion World Cargo has offices in Halifax, Hong Kong and Paris as well as London, Exeter and Manchester. The company's global headquarters is situated close to Heathrow airport.



'ConneXion is an excellent fit for AIT, especially since their company culture is so similar to ours,' said AIT's chief information officer Ray Fennelly.



'They are a financially stable full-service provider with extensive local relationships and knowledge,' he said.


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