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Kuwait's Agility eyes deal with top Swiss logistics group

KUWAIT CITY, February 16, 2019

Kuwait-based Agility Group is in discussions with leading Swiss logistics group about partnership opportunities between the logistics businesses of the two companies. 
 
Headquartered in Basel, Switzerland, Panalpina is a leading provider of forwarding and logistics services besides specialising in intercontinental air and ocean freight and associated supply chain management. 
 
It operates a network of some 500 branches in more than 80 countries employing 15,000 people worldwide.
 
Hubs of Panalpina are situated in Luxembourg, at Findel Airport, Prague and in Huntsville, Alabama, at Huntsville International Airport.
 
Confirming the ongoing talks, Agility said it was always exploring opportunities to grow its business and maximize shareholder value. 
 
However, the company stated that no agreement had yet been reached and there were no guarantees that a deal will be reached soon.
 
A major player in the region, Agility's primary business is commercial logistics. Its commercial arm, Agility Global Integrated Logistics (GIL), is headquartered in Sulaibiya, Kuwait. 
 
Agility GIL manages the shipment and delivery of finished goods, parts, raw materials and other cargo by sea, air, road or a combination.
 
The Kuwaiti group's other businesses include commercial and industrial real estate management and ground handling and airport services.
 
Agility, which boasts 500 offices in 100 countries, has more than 22,000 employees working for the company.-TradeArabia News Service



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