Accelerated Global Solutions (AGS), a global leader in freight forwarding and supply chain solutions, has announced a strategic investment in KGW Group Berhad (“KGW”), acquiring a 15% equity stake in the firm.
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The move solidifies AGS’s position as a leader in trans-Pacific trade and enhances its ability to offer integrated, end-to-end supply chain solutions that address the complex needs of global shippers.
The strategic investment in KGW enables AGS to deepen its global freight forwarding presence while leveraging KGW’s established leadership in trans-Pacific ocean freight.
With a network moving over 10,000 TEUs annually to North America, KGW’s expertise is a perfect complement to AGS’s existing freight forwarding expertise, customs brokerage, and warehousing services.
KGW is also a provider of air freight services as well as warehousing and distribution solutions for healthcare-related products and devices.
As part of this partnership, KGW gains access to AGS’s global network, which includes strategically located warehouses and last-mile delivery across North America, Greater China, Southeast Asia, and Europe.
Together with SpeedX, a leader in last-mile delivery, the partnership forms a powerful logistics ecosystem capable of delivering comprehensive solutions from origin to last-mile.
The investment supports AGS’s CEO Chris Zheng’s ambition to build a $1 billion end-to-end supply chain solution infrastructure within 18 months, following his acquisition of AGS in November. Zheng is also the Founder & CEO of SpeedX, now one of the fast-growing, tech-enabled last mile delivery specialists.
Chris Zheng, CEO of AGS and Founder of SpeedX, stated: “KGW’s leadership in trans-Pacific ocean freight aligns seamlessly with AGS’s vision of building a truly integrated logistics network. By combining our existing freight forwarding and brokerage capabilities, KGW’s ocean freight expertise, and SpeedX’s innovative last-mile solutions, we are creating an infrastructure that meets the demands of a globalized economy. This partnership reflects our commitment to delivering efficient, cost-effective, and tech-enabled global logistics solutions.”
Dato’ Roger Wong, Managing Director of KGW Group, remarked: “We are thrilled to welcome Accelerated Global Solutions as a shareholder in KGW. This strategic alliance marks an exciting chapter for us. With AGS’s extensive air freight and customs expertise and SpeedX’s innovative last-mile delivery capabilities, we are redefining the logistics experience for our clients. This partnership allows us to enhance our trans-Pacific dominance, drive sustainable growth, and provide end-to-end solutions that address the demands of global supply chains.”
The integration of KGW’s operations into AGS’s global network enhances the efficiency and scalability of their combined offerings. Leveraging AGS’s advanced technologies, the partnership ensures heightened transparency and operational performance for global shippers.
In addition, SpeedX’s expansive last-mile network across over 9,000 zip codes in the United States adds to KGW’s ability to deliver expedited, reliable shipments across major metropolitan areas and beyond.
This investment not only enables AGS to continue building a robust end-to-end supply chain but also strengthens its leadership in trans-Pacific logistics. By bridging international freight forwarding and last-mile delivery, AGS and KGW aim to set a new standard for global supply chain solutions.
