EV Cargo, a Hong Kong headquartered global freight forwarding and supply chain services company announced the acquisition of 75% of the shares of Air Express Cargo S.L. from its founding family owners. 

Air Express Cargo will be branded as EV Cargo Spain and current founder and CEO Francisco de la Sita, who will continue to own 25% of the shares, will take up the role of country MD.

EV Cargo Vice President, Europe Marc Terpstra said:

“We are delighted to welcome Francisco and the Air Express Cargo team to the EV Cargo family. Spain is an increasingly important market for us as we manage supply chains for the world’s leading brands, and we look forward to quickly developing our full-service proposition across air and sea freight, road freight and contract logistics to serve both existing and new customers.”

Francisco de la Sita, CEO, Air Express Cargo said:

“I firmly believe that by becoming part of EV Cargo, the future prospects for the business in Spain will be enhanced. It will enable us to provide our clients with the high-quality service they have enjoyed while being able to offer expanded services, which in turn will create opportunities to develop the business, attract new customers and drive growth."