Paris, France (PortSEurope) January 12, 2018 – GEFCO Group, a global player in industrial logistics and automotive logistics, has acquired Spanish company GLT, a Europe-Morocco transport specialist. The agreement is subject to approval by relevant regulatory authorities.
“With its fast-growing and dynamic industry, Morocco offers excellent prospects for our company”, said Luc Nadal, Chairman of the Management Board of GEFCO Group. “Some of our main customers in automotive, aeronautics, retail & industry are already investing heavily in the country to increase their production capacity, thereby generating the need for logistics support and reliable solutions. By capitalizing on GLT’s know-how, we will be in the best position to seize the opportunities offered by these fast-scaling businesses”.
”We are delighted to join GEFCO, a global player in logistics with a strong international network and established expertise”, stated Cristina Orbea, CEO of GLT. “We are confident that the combination of our knowledge and experience will ensure a better service for clients of the two companies and create the conditions for our businesses future growth”.
GLT will be fully owned and managed by GEFCO Spain, as a specialized business entity for Europe-Morocco Gateway.
The Spanish subsidiary of GEFCO has more than 30 years of experience in high-level logistics, with 700 employees and 5,000 industrial clients. All the GLT team will be committed, from their current offices, to maintaining the level of service, reliability and safety for all its customers and ensuring new developments.
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