Odyssey acquires AFF
Odyssey Logistics & Technology Corporation, a US-based supply chain multimodal services and technology solutions provider, has completed its acquisition of AFF Global Logistics (AFF) for USD 465 million. The US entity AFF is a prominent provider of domestic offshore services, APAC freight forwarding and comprehensive warehousing and distribution solutions.
Bob Shellman, Odyssey president and CEO: "The acquisition of AFF is a significant achievement in the continued evolution of my company."
To support the transaction, Odyssey has established a multimodal global solutions division to integrate the Odyssey and AFF business units that offer complementary modes and services across common global markets.
The new division will be led by Keith Hancock, who previously served as president and CEO of Odyssey’s Capital Transportation Solutions subsidiary. (mw)