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Henrik Althen of GAC Singapore (left) with Carl Peeters of Ahlers Group in a virtual signing ceremony

GAC acquires Singapore container logistics unit of Ahlers

GAC has penned a memorandum of understanding to acquire the container logistics unit of the Singapore subsidiary of Belgium-based Ahlers.

GAC said the acquisition of Ahlers Singapore’s container logistics business unit will help the group boost its foothold in Asia and enhance its service portfolio.

Henrik Althen, managing director of GAC Singapore, said that the container logistics business will give the company even greater control over the entire supply chain. “Container logistics are an integral part of the supply chain solutions we offer to our customers. It complements our sea freight and contract logistics services, giving us the expanded bandwidth and enhanced capability to look after the entire supply chain more efficiently and effectively,” Althen said.

Carl Peeters, cfo of Ahlers Group, said the transaction is part of the company’s increased focus on its core activities in Europe, Russia and CIS where it has “important investment projects ongoing.”

Lars Bergstrom, group vice president of GAC’s Asia Pacific and Indian Subcontinent region, said: “It’s a great match, as both companies focus on creating innovative and value-adding solutions to our customers. Agility and innovation are key to survival in the highly competitive logistics industry.”

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