APL Logistics and Christian Salvesen have announced a new joint venture that will combine the companies’ respective strengths in an integrated end-to-end offering for selected customers.
Utilising APL Logistics’ worldwide capabilities and Christian Salvesen’s comprehensive European network, the 50:50 joint venture will create a new international provider with unique supply chain management capabilities and a strong presence in land-based logistics in key locations.
Christian Salvesen CEO Stewart Oades and NOL Group’s Europe Region president, Dave Appleton, said that the joint venture company, to be headquartered in the UK, was the realisation of a strategic objective of both partners – to develop an international service employing existing capabilities to meet the growing and changing needs of the market.
They said that the joint venture partnership, whose name and structure will be announced in the coming weeks, is a direct response to the globalisation of supply chains. It will not affect the existing relationships that the two companies have with their current customers.
The newly formed venture will target specific customers in the retail, automotive, consumer electronics and hi-tech markets throughout Europe, they said.
