SEKO Logistics acquires Air-City, Inc.
The investment represents the latest phase of SEKO’s program to accelerate its strategic vision by expanding its global footprint, establishing more strategic partnerships, and making accretive acquisitions.
February 5, 2020
By PLA Editor
Air & Cargo Services air cargo Air Cargo Asia air cargo freight Air Forwarding air freight Air Freight Asia Air Freight Logistics air freighter air freighting Air Logistics Asia Air Shipping Asia Air-City airlines cargo airways cargo asia cargo news cargo aviation JFK JFK International Airport New York Gateway Seko Logistics
SEKO Logistics has completed its largest-ever acquisition with the purchase of New York-based freight forwarder and cross-border ecommerce experts, Air-City, Inc.
Similar to the purchase of GoodShip International Inc., which added depth and expertise to SEKO’s corporate gateway operation in Chicago, Air-City will immediately add additional resources and growth to SEKO’s key New York region. The investment represents the latest phase of SEKO’s program to accelerate its strategic vision by expanding its global footprint, establishing more strategic partnerships, and making accretive acquisitions that expedite the growth of its three core services; Omni-Channel Logistics, White Glove Services and Value-Added Freight Forwarding. In the past 18 months, SEKO has also acquired a majority shareholding in its strategic partner Omni-Channel Logistics Australia to further solidify and grow its eCommerce and technology solutions for retailers, pure-play etailers, marketplaces and platforms.
Air-City was established in 1984, expanding to 15 offices worldwide, with New York as its head office. Air-City was among the first group of freight agents authorized by the China Government in 1994 and holds a certificate of approval for the establishment of enterprises in China.
The addition of Air-City will also build the capabilities of SEKO’s New York Gateway, which offers support to international shippers, by adding key facility infrastructure in the tight real estate market near JFK international airport. Further expansion of SEKO’s JFK operations will be announced in 2020.