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AIT Worldwide Logistics acquires Austin-based Intelligent Logistics

AIT Worldwide Logistics acquires Austin-based Intelligent Logistics
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AIT Worldwide buys customs broker Multimodal International

AIT Worldwide buys customs broker Multimodal International
Acquisition to expand AIT’s entries volume by more than 10%, company says
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AIT acquires Multimodal International to expand brokerage footprint (Image: Jim Allen/FreightWaves
Global logistics company AIT Worldwide Logistics said Thursday that it has acquired Multimodal International Ltd., a customs broker that focuses on the processing and clearance of industrial commodities. Terms of the acquisition were not disclosed.
The acquisition is expected to boost Itasca, Illinois-based AIT’s annual customs entries by more than 10% a year to roughly 50,000 entries, AIT said. Elk Grove Village, Illinois-based Multimodal, which has been in business for nearly 40 years, focuses mainly on the automotive, machine tools, metals, electronics and chemicals sectors. ....

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AIT Worldwide Logistics acquires Fiege Forwarding - Lloyd's Loading List

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Stuart Todd | 2020-12-23 12:04:10.0
US group follows up purchase of UK firm, Panther Logistics, with German buy
US international logistics and supply chain solutions group, AIT Worldwide Logistics, has entered into a binding purchase agreement to acquire Germany-based Fiege Group’s international freight forwarding division, Fiege Forwarding.
It follows the purchase last month of Panther Logistics, a UK firm with expertise in e-commerce residential transport logistics, specialising in ‘white glove’ and ‘two-man’ delivery.
The acquisition of Fiege Forwarding “dramatically increases” AIT s global footprint by adding locations in Belgium, China, Germany, Italy, the Netherlands and Switzerland, the Chicago-based enterprise said in a statement. ....

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