SAL wraps up Aviapartner’s takeover

SAL finalizes Aviapartner takeover to expand into Europe: SAL Saudi Logistics Services completed the SAR 120 mn (EUR 28 mn) acquisition of Belgium’s logistics firm Aviapartner Liege, marking its first operational presence outside Saudi Arabia and expanding its network to 20 stations, according to a press release (pdf).

REMEMBER- The two firms inked the sale and purchase agreement in March. The acquisition gives SAL an operating base at Liege Airport, Europe’s fifth-largest cargo hub by freight volume, and access to freight flows across Germany, the Netherlands, France, and Luxembourg.