News / Passport buys-in logistics expertise with takeover of Access Worldwide

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Internet parcel shipping firm Passport has acquired Atlanta-based Access Worldwide for an undisclosed sum, although it did say it agreed a mix of equity and cash for the forwarder.

Operating in the last-mile parcel delivery sector, Passport, founded more than three years ago, said it was looking to develop its service offerings and  Access was a perfect fit.

Passport CEO Alex Yancher told The Loadstar: “We started in San Francisco, developing quality technology, but we lacked first-hand knowledge on the logistics side. ...