Agility has signed an agreement to acquire 100% of Baisui United Logistics (Shanghai) Co., Ltd (Baisui). Baisui is a Shanghai-based domestic logistics company that focuses on providing a range of logistics services, including intra-city, regional and long-haul transport and warehousing, mainly to the chemicals, automotive, and FMCG sectors.

Baisui Logistics; has over 15 years of experience, with more than 300 employees in 15 locations throughout China, including Shanghai, Shenzhen, Tianjin, Wuhan, Nanjing and Chongqing, and manages eight logistics centers with more than 130,000 sq. m of warehouse floor space. In addition the company has a fleet of its own trucks and works with over 75 trucking companies on a regular basis for its regional distribution needs.

The upfront value of the deal is estimated at USD 50.5 mln.

This acquisition complements Agility’s growing service offering in China, both vertically and in specialist sectors such as chemicals, automotive, and FMCG sectors. This will strengthen Agility’s domestic transportation and distribution network in China and build on its existing capability in specialist logistics services.