After embarking on a joint venture with Aztek International Freight Ltd. in 2021, cargo-partner has now acquired the remaining shares and will fully integrate its UK-based partner company into the cargo-partner group.
With this step, cargo-partner is adding two new offices, in East London and Bradford to its existing location in Manchester and thus further expands its network.
A little over a year after cargo-partner established its UK operations with a first office in Manchester, the company now completes its acquisition of Aztek International, after initially purchasing one third of the shares in 2021.
cargo-partner’s team in the UK has now grown from 13 to 55 employees, in three locations across UK in the last 15 months.
Strong European network and post-Brexit expertise
Stefan Krauter, CEO of cargo-partner, explains the strategic significance of this investment: “We have been working with Aztek for 15 years, during which we have mutually helped each other to grow and develop our business.
“This acquisition will significantly complement our existing service portfolio in the UK, especially in groupage road transport.
“In addition the recently grown team will continue to successfully support clients, keeping their supply chains moving across Europe and navigating the complex new customs requirements following ‘Brexit’”.
cargo-partner’s strongly established Asian organization will continue the cooperation with their European agents by neutrally handling their routed cargo.
“It is their business and we can join the benefits of scale and consolidation, we are also open to discuss if one or the other wants to join our group”, says Roland Kern, Director of Global Network Development.