Panalpina acquires Airflo
Panalpina World Transport Ltd. will acquire a majority stake in Airflo from DFG, subject to conditions. The two companies reached a respective agreement on November 4, 2015.
Airflo is Kenya’s second largest air freight forwarder, specializing in the world-wide export of fresh cut flowers, plant cuttings and vegetables, with a focus on the Netherlands and the UK. The company employs a total of 167 staff in Nairobi and Aalsmeer. It organizes up to 1,500 temperature-controlled shipments per week from Kenya, totalling more than 40,000 tons of fresh cut flowers, especially roses, each year.
Source: DFG