Toll Group acquires Asia-Europe Sea-Air service provider

THE Toll Group has bought SAT Albatros (SAT), a Dubai-based provider of sea-air services.

As part of Toll’s ongoing aggressive acquisition strategy, SAT, which claims to be the world’s biggest sea-air carrier via Dubai, will become part of the group’s burgeoning forwarding division. This adds further capacity in the Middle East following the group’s 2009 acquisition of Dubai-based Logistic Distribution System and the UK’s Genesis Forwarding and WT Sea Air last July.

“The acquisition of SAT will further cement Toll’s strategic position in the Middle East and in the Asia-to-Europe trade lane,” said Toll Group’s managing director, Paul Little. “With a strong customer base and as the market leader in this service offering, SAT will support our intention to further develop in this market.

“The integration of SAT will allow us to secure a blue-chip well-established customer base principally consisting of European fashion apparel, electronics, and consumer goods conglomerates sourcing products from Asia.

“SAT has strong links in Europe and in particular Germany, which itself accounts for a majority of volume at destination,” Little concluded.

Share this story

Related Topics

Latest news

Descartes rolls out Bluetooth ULD readers at Menzies Aviation facilities

By Rachelle Harry

Descartes is rolling out is core Bluetooth low energy (BLE) readers at Menzies Aviation’s facilities worldwide. The deal enables ground…

Read More

Share this story

Expeditors outlines ‘intense’ and ‘unsettled’ Q2 for air cargo

By Damian Brett

Seattle-headquartered freight forwarder Expeditors has described the second quarter as “intense” and “unsettled” as a result of the supply-demand imbalance…

Read More

Share this story

IAG Cargo selects ABDA Aviation as Malaysia GSSA

By Rachelle Harry

IAG Cargo has selected ABDA Aviation to be its GSSA in Malaysia. ABAD will also provide IAG Cargo with customer service and…

Read More

Share this story