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Expands position as the global leader in complex supply-chain solutions
Odyssey Logistics & Technology Corporation has completed its acquisition of AFF Global Logistics (AFF) for US$465.0 million. This is a growth-oriented transaction that will result in a powerful enterprise with capabilities beyond that of many competitors, to the benefit of customers and employees alike.
Odyssey provides comprehensive global logistics and transportation services, including intermodal, trucking, bulk container shipping and transportation management services supported by multiple proprietary technology platforms. AFF is a recognised leader in US domestic offshore services, APAC freight forwarding and comprehensive warehousing and distribution solutions.
The acquisition of AFF is a significant achievement in the continued evolution of Odyssey. It creates tremendous and immediate value for Odyssey and its customers. The combined market leverage supports a significant enterprise multiplier as they integrate comprehensive solutions globally.
To support the transaction, Odyssey’s Multimodal Global Solutions Division has been established to integrate 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.
The collective business units formed under the Multi Global Solutions Division will integrate, leverage and cross-sell services to drive dynamic supply-chain solutions for customers worldwide.