News / Kerry confirms takeover of Turkish forwarder ASAV, and eyes more M&A 

 Cash-rich Kerry Logistics has taken another step in its ambitious growth plans, acquiring one of Turkey’s top air freight forwarders. 

In a deal revealed by Loadstar Premium in June to buy Asav Lojistik Hizmetleri Anonim Sirketi (ASAV), Kerry has expanded its freight forwarding capabilities between Asia and Europe – and is looking for more acquisitions.  

ASAV has seven offices in Turkey and one in Amsterdam, as well as a 452,000 sq ft warehouse in Istanbul for both bonded and non-bonded goods and a 21,500 sq ft facility in Amsterdam. ASAV was ranked in the top five ...