14 May Clairfield International advises ASI Logistics on strategic partnership and minority equity sale to Sedis Logistics
ASI Logistics, a Chinese-owned freight-forwarding and logistics company, merged with Sedis Logistics.
ASI Logistics specializes in logistics services and outsourcing supply-chain solutions for Asian markets, generating USD 25 million in annual sales. The company has expertise in Asian markets thanks to seven Asian locations (including four in China), and a focus on airfreight management. ASI Logistics is a subsidiary of the Chinese ASI Group, which generates more than USD 55 million in sales.
Sedis Logistics has an international presence and particularly in Europe, with specific expertise in sea freight and logistics. It generates more than USD 55 million in annual sales. Sedis Logistics is a subsidiary of LLOGS Group, a Dutch company.
The ASI Group mandated Clairfield International in 2018 to find a strategic partner, complementary to its ASI Logistics subsidiary, and able to accelerate its development.
The merger aims to create a global player with solutions for the numerous challenges of the freight-forwarding industry, based on the sharing of common values and the perfect fit of the two players, creating synergies and value for its customers. The new SEDIS ASI Logistics group, generating a combined USD 80 million in sales, will become a major player in the market, managing more than 60,000 TEUs, 8000 tons and nearly 200,000 square meters of warehouse space.
The transaction was completed with the help of transport & logistics specialists from Clairfield International’s services group, who identified merger partners from eight different countries.
Deal team: Emmanuel Xerri, Alexandre Forget