HONG KONG: June 01, 2016. Kerry Logistics has completed its acquisition of a majority stake in San Francisco-based Apex Maritime (APEX).
APEX was founded in 1990 and was one of the top three NVOCCs last year according to Datamyne Asia - U.S. import volumes. With over 20 years of experience in the industry, APEX specializes in trans-Pacific trade lanes and handled over 270,000 TEUs last year.
The acquisition is part of Kerry Logistics’ long-term international freight forwarding strategy to expand its sales network and coverage worldwide.
William Ma, group managing director of Kerry Logistics said: “The acquisition of APEX is a major leap forward in our global expansion plan. The Asia-U.S. trade plays an important role in our [international forwarding] growth strategy and APEX will form an important business arm that further strengthens our global network, enabling us to tap into new opportunities from trans-Pacific trades.
“It will also bring mutual benefits to both companies, with enriched service offerings and extensive marketing network in the U.S. to Kerry Logistics’ customers as well as strong Pan-Asia logistics support to APEX’s customers.”
Vic Cheung, CEO and president of APEX added: “The APEX team is excited to join the Kerry Logistics family. We are ready to take full advantage in realising vast cross-selling opportunities from the integration. Our customers will gain global scale and best practices in supply chain management, while maintaining their relationship with the same team that has served them for years. We are enthusiastic to grow with Kerry Logistics from now on.”
William Ma continued: “In APEX, we are partnering with a team that has been meticulously built over the last two decades and shares the same vision of becoming a global partner of our customers. Integration is already underway. I look forward to working closely with APEX’s management team as we execute our global development plan.”