Apex Logistics has signed an agreement to acquire a majority stake in Andes Integración Logística, enhancing its logistics offerings across Latin America.

Target Company Overview

Apex Logistics has signed an agreement to acquire the majority of shares in Andes Integración Logística, a prominent logistics provider based in Chile. Founded in 2008, Andes has established itself as a key player in the logistics sector, offering comprehensive services that include international air and sea freight, land transportation, warehousing, and distribution. In the past 17 years, Andes has expanded its operations throughout South America, providing services in countries such as Chile, Colombia, Argentina, Peru, Paraguay, Uruguay, Bolivia, and even reaching out to clients in the USA and China.

Andes Integración Logística manages over 90,000 twenty-foot equivalent units (TEUs) in ocean shipping containers and handles 40,000 tons of airfreight annually. The company’s expertise extends particularly into the perishables sector, facilitating the shipment of seasonal fresh products like salmon, cherries, berries, and mangoes to Asia and global markets. Additionally, Andes services a variety of critical industries including automotive, high-tech, industrial, fashion, and retail.

Industry Overview in Chile

Chile's logistics industry is characterized by its strategic geographical location, acting as a gateway to Latin America and an important hub for international trade. The country has made significant investments in improving its infrastructur