Australia and New Zealand-based Wexco (not to be confused with Wexco Cargo GSSA) has been acquired by the ECS Group as it looks to expand its presence in the region.
"Through this acquisition, ECS Group is developing its presence all around the world and has reaffirmed its leadership position," ECS said.
"The market can continue to count on the best GSSA expert in the Australasian region, now supported by the strength of a major air cargo player, especially in terms of network and digitalisation."
Bertrand Schmoll, chairman of ECS Group, said: “Wexco is a well-established GSSA with a very good reputation in the Australia and New Zealand market. We were not previously represented in either country and our strategy involves expanding our footprint in the Asia-Pacific region.
"Wexco is the perfect partner with which to do this, and one of its biggest assets is its unrivalled market expertise."
Russell Freeman and David Williams, owners of Wexco, added: “ECS Group is the world’s leading and largest global GSSA, not only in terms of its network but also in terms of innovation. ECS Group has digital tools that no other GSSA has developed, allowing it to constantly improve the way in which it meets the needs of its airline and freight forwarder clients. Furthermore, ECS Group’s values fit perfectly with our own. It made the decision to join ECS Group a simple one."
