Global Transport Solutions acquires Airsped Logistics Norway 

Global Transport Solutions acquires Airsped Logistics Norway 

Global Transport Solutions Holding (GTS), a 4PL logistics service provider with complementary 3PL activities specialised in marine spare parts as well as other complex and critical logistics, has acquired Airsped Logistics, a 3PL logistics service provider in Norway. This acquisition is part of the buy-and-build strategy. GTS is working on three other acquisitions, which are expected to be finalised during the first quarter of 2020.

Michel Loots, CEO of GTS, commented: “We are excited about this acquisition in the Norwegian market. As a 3PL logistics service provider, Airsped has been the logistics partner of Marinetrans in Norway for over 25 years. We already worked closely together with regards to warehousing and time-critical logistics via air, ocean and trucking, which made this a logical next step in our collaboration. Having Airsped on board of our logistics group strengthens our position in the Norwegian market and will give GTS more opportunities to service our Norwegian and international customers locally in Norway.”

According to Loots, Airsped and Marinetrans are strongly intertwined and have a long history of mutual cooperation. The combined deal of Airsped and GTS with the support of Waterland Private Equity Investments is an important step for both companies.

He said: “We see great opportunities to grow our combined business in the Norwegian market. This is our first acquisition since we have teamed up with Waterland Private Equity and a first step in our buy-and-build strategy to globally expand and strengthen GTS in marine spare parts and other complex and critical logistics.”

Petter Fausko, CEO of Airsped Logistics commented: “After 36 years of ownership, it feels natural to join GTS and its growth ambitions in marine spare parts and other complex and critical logistics services. I am excited to take part in this adventure and add Airsped’s qualities to the group.”

Picture of James Graham

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.

Newsletter

Stay informed. Stay ahead. To get the latest air cargo news and industry trends delivered directly to your inbox, sign up now!

related articles

ABM strengthens Aviation leadership for continued growth

Menzies Aviation awarded IATA’s CEIV Li-batt certification

Hitachi ZeroCarbon and COBUS partner on EV Battery Analytics

WAIT... BEFORE YOU GO

Get the ACW Daily Newsletter for up-to-the-minute news on everything important in the airfreight industry

Logo Air Cargo Week