AIT Worldwide snaps up Australian forwarder involved in big tech buildout
AIT Worldwide Logistics is expanding more significantly in Oceania with a deal to buy Connor Anderson International. The post AIT Worldwide snaps up Australian forwarder involved in big tech buildout appeared first on FreightWaves .
AIT Worldwide Logistics has acquired Australian freight forwarder Connor Anderson International, expanding its presence in the Oceania market and positioning itself to capitalize on the surge in data center construction across Australia and New Zealand. Connor Anderson specializes in air, ocean, and road transportation, customs clearance, and project cargo for technology clients in both countries.
The acquisition will allow AIT Worldwide to handle sophisticated equipment necessary for AI companies and secure the transportation of cloud computing components. AIT Worldwide's chief development officer, Ray Fennelly, stated that the acquisition demonstrates the company's strategic response to customers in the region and serves as the foundation for long-term expansion in Oceania.
The acquisition terms were not disclosed. AIT Worldwide, based in Chicago, is the 43rd largest logistics provider globally and projects revenue of $4.5 billion by 2026. This acquisition marks the 15th in the past five years for AIT Worldwide, showcasing the company's commitment to growth in the logistics sector.
Written by urgent.news from FreightWaves's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
