Panalpina expands in Colombia and Ecuador
Panalpina is to acquire CargoMaster in Colombia and its subsidiary Laseair, in Ecuador which specialise in the air freight export of perishables such as flowers and fruits.
“The acquisition will make us the undisputed perishables market leader in Colombia and Latin America, and strengthen our position in Ecuador,” said Panalpina CEO Stefan Karlen. “We are adding significant volumes and know-how to our already impressive perishables footprint in Latin America, which will allow us to further deepen our well-established relationships with the airlines and producers in the region.”