Panalpina set to acquire majority stake in Airflo as Kenyan flower business blooms

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Swiss 3PL Panalpina yesterday reached agreement to acquire a majority stake in Kenyan air freight forwarder Airflo from parent company Dutch Flower Group (DFG) for an undisclosed amount.

The deal means Panalpina is set to significantly increase its share of Kenya’s air freight market – it is the country’s second largest air freight forwarder, specialising in exports of fresh cut flowers, plant cuttings and vegetables, with a focus on the Netherlands and UK, and organises around 1,500 temperature-controlled shipments per week ...