Toll Group acquires Dubai-based SAT Albatros
Toll Group has announced the acquisition of SAT Albatros (SAT), a Dubai-based provider of sea-air services. According to Toll Group’s managing director Paul Little, the acquisition will further cement Toll’s strategic position in the Middle East and in the Asia – Europe trade lane. SAT will form part of Toll’s rapidly developing Global Forwarding division, adding further capacity to the Group in the Middle East following the 2009 acquisition of Dubai-based Logistic Distribution System. "SAT has strong links in Europe, and in particular Germany, which itself accounts for a majority of volume at destination," said Little. Providing combined sea-air logistics from Asia to Europe with its weekly scheduled services, SAT offers an alternative to pure sea- or airfreight on this route. Quelle: eyefortransport |