MNX Global Logistics acquired Singapore-based third-party logistics provider Aero Express Logistics. Financial terms of the deal were not disclosed. MNX is owned by The Riverside Company.
SINGAPORE and IRVINE, Calif., Feb. 29, 2016 /PRNewswire/ — MNX Global Logistics today announced that it has acquired Singapore based third-party logistics (3PL) provider Aero Express Logistics (AEL). Founded in 2003, AEL is a key logistics player serving the specialized aviation and aerospace sector using Singaporeas a regional hub for their maintenance, repair and overhaul (MRO) work.
“Today’s announcement marks the combination of two highly complementary and well-regarded players in the aviation logistics space,” said Paul J. Martins, CEO, MNX Global Logistics. “This combination will provide MNX’s aviation customers with better access to Singapore’s growing aerospace cluster, while allowing AEL’s existing customers to tap into MNX’s worldwide network and technology platforms. Together both companies are better positioned to deliver enhanced service offerings and worldwide supply chain solutions to new and existing customers in the aviation, aerospace and MRO industries.”
“This transaction with MNX will benefit all of AEL’s existing customers,” remarked Chong Han Tsong, Founder, AEL. “They will now be able to ship and manage their entire global inventory from a single platform, and have it handled by an ASA-100 accredited company. I am heartened to see that both MNX and AEL share the same values of quality, responsiveness and flexibility, bound by a singular and common goal of delivering extraordinary customer service for our customers.”
This announcement comes as one in a series of business moves that build up to a strategic global growth plan and commitment to customers in the aviation industry. With expanded capabilities in Singapore, MNX is positioned to support aviation customers looking to tap opportunities for growth throughout the entire Asia Pacific region. With this move, MNX will also gain access to warehousing in the free trade zone as well as ramp access at Singapore’s Changi Airport.
MNX is a premier global provider of specialized, expedited transportation and logistics services. Clients include multinational leaders in the aviation, life science, medical device, secure custody and control, technology, luxury fashion and entertainment industries. These organizations rely on MNX’s exceptional record of transporting critical items around the world. www.mnx.com