Gefco has completed its acquisition of Europe-Morroco transport specialist, GLT following European Regulatory approval.
The acquisition of GLT will enable Gefco to strengthen its position in the region while consolidating and expanding its customer portfolio, particularly in the automotive, fashion and retail sectors.
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“We are very pleased to have completed the acquisition of GLT,” said Gefco chairman, Luc Nadal.
“GLT brings over two decades of strong expertise in logistics flows between Europe and Morocco.
“We are happy to welcome all GLT employees to the Gefco Group and we look forward to combining our operational know how to create more value for our customers.”
Founded in 1998, GLT is a specialist for fully secured logistics flows through the strait of Gibraltar and is the leading operator of the gateway between Algeciras and Tangiers. The company ensures more than 16,000 crossings per year, with 75 trucks and 380 trailers.
GLT will be owned and managed by Gefco Spain, as a specialised business for the Europe-Morocco Gateway.
The Spanish subsidiary of Gefco has more than 30 years of experience in logistics, with 700 employees and 5,000 industrial clients.
