EV Cargo acquires Allport Netherlands
| Target: | Allport Netherlands |
| Seller: |
Allport Netherlands shareholders |
| Advisory sell side: | HVG Law | Legal Advisory Corporate M&A EY | Tax Advisory |
| Buyer: |
EV Cargo |
| Advisory buy side: | Houthoff | Legal Advisory Corporate M&A Liedekerke Wolters Waelbroeck Kirkpatrick | Consultancy |
Date announced: | 2022-02-23 |
EV Cargo, a Hong Kong-based global freight forwarding and supply chain services company backed by EmergeVest, has acquired the remaining 60% interest in Allport Netherlands from its joint venture partner, making EV Cargo the company's sole shareholder. As part of the deal, EV Cargo will also acquire the remaining shares of EV Cargo Global Forwarding Belgium, becoming the company's sole shareholder.
EV Cargo manages supply chains for the world's leading brands with the goal of achieving over $3 billion in revenue in the short term through organic growth and strategic M&A activity.
Source: Mergermarket
Source: MenA