APL Logistics to acquire Chinese joint venture APLL-Zhiqin
Acquisition to augment global 3PL’s domestic capabilities in China
BEIJING, 08 Oct 2012
Global third party logistics provider APL Logistics today announced it has signed an agreement with Legend Holdings Co., Ltd. and Beijing Willway Information Technology Co., Ltd. to acquire all of their shares in APLL-Zhiqin Group, a Chinese joint venture partnership among the three parties.
The transaction, expected to close by end of the year, will accelerate Singapore-based APL Logistics’ plans to expand its logistics hub management and domestic distribution capabilities in support of China’s fast growing domestic economy.
APLL-Zhiqin offers services in logistics hub management, domestic land transportation, supply chain technology services, customs brokerage, import and export management, and supply chain consulting. The joint venture today has nearly 1,000 employees. It manages hub facilities in more than 20 locations and a broad transportation and distribution network covering over 2,000 locations in China, including third and fourth tier cities.
“We’re witnessing continued growth in China’s domestic market, where both APL Logistics and APLL-Zhiqin have enjoyed a fruitful partnership over the past decade,” said Danny Goh, APL Logistics’ Vice President of North Asia. “The acquisition enables APL Logistics to further deepen and broaden its investment in the business and to continue to build on APLL-Zhiqin’s scale, reach, capabilities and strengths.”
With presence in China since 1989, APL Logistics is among the largest providers of international freight management and pre-distribution logistics services out of the country today. Post acquisition, the company will combine with APLL-Zhiqin to offer a service network of 78 offices and facilities across China, thereby providing a comprehensive suite of supply chain capabilities.
Boon Lee LUR
Telephone: (65) 6371 5526
About APL Logistics
APL Logistics provides international, integrated supply chain services in more than 50 countries, including both origin and destination services such as freight consolidation, warehousing and distribution management. It uses innovative IT for maximum supply chain visibility and control. APL Logistics is a unit of Singapore-based Neptune Orient Lines (NOL), a global cargo transportation and logistics company.
Beijing-based APLL-Zhiqin was established in 2003 as a China-focused logistics services joint venture partnership among APL Logistics and China’s Legend Holdings Ltd. and Beijing Willway Information Technology Co., Ltd. With offices and hub facilities in 30 locations across China, its transportation and distribution network spans over 2,000 cities, including third and fourth tier ones. The firm provides services in logistics hub management, domestic transportation, supply chain technology services, customs brokerage, import and export management, and supply chain consulting to a broad clientele base of multinational and local enterprises. APLL-Zhiqin’s Web site: www.azql.com.cn