Gebrüder Weiss Expands North American Presence with Acquisition of Cargo-Link
Gebrüder Weiss has acquired freight forwarder Cargo-Link as part of efforts to expand its presence in North America.
Family-owned Cargo-Link is based in Salt Lake City, Utah, and offers air, sea and domestic forwarding services, as well as customs brokerage.
As part of the deal, Gebrüder Weiss will also gain access to a 22,000 sq ft warehouse attached to the Cargo-Link office, which is located near the Salt Lake City International Airport.
The takeover is part of the Austrian firm’s efforts to grow its presence in North America.
“Salt Lake City is a fast-growing market that values local presence, and the acquisition provides a new regional market entrance,” Gebrüder Weiss said.
Lothar Thoma, member of the Gebrüder Weiss management board responsible for the air & sea business unit, said: “We are continuously consolidating our presence in North America. With Cargo-Link’s services, we are targeting the logistics needs of small and medium-sized companies.
“We will continue to develop Salt Lake City in our network as a starting point for worldwide air & sea transportation with a focus on transpacific and transatlantic transports.”
The company added that it will retain Cargo-Link’s management team and integrate its employees into the newly merged organisation.
Chief executive and owner Scott Ogden has managed Cargo-Link since its inception.
Cargo-Link was founded in 1976 and, with its 15 employees, is mainly active in the sea and airfreight business segments.
Salt Lake City will become Gebrüder Weiss’ 15th location in North America.
Last year, the company added new locations in Laredo, Texas, and Miami.
Gebrüder Weiss has been active in the US with its own country organisation since 2017. Its US headquarters are in Chicago.