Global joint venture

LinkedIn +

Christian Salvesen and NOL subsidiary APL Logistics have formed a joint venture named Holistica to provide an integrated end-to-end offering for selected customers.

APL has world-wide capabilities which together with Salvesen’s European network will offer supply chain management capabilities and a strong presence in land-based logistics in key locations.

Salvesen chief Stewart Oades, said: “Our own land-based expertise, coupled with the intercontinental reach of APL Logistics, provides customers with new solutions to their increasingly complex supply chain needs.”

NOL Group’s Europe region president Dave Appleton, said: “Through this joint venture, we have brought our respective companies’ core skills, capabilities, assets and technologies together, enabling us to broaden the choices available to customers.”

The 50-50 joint venture company, to be headquartered in the UK, whose name and structure will be announced in the coming weeks, is a direct response to the globalisation of supply chains. It will not affect existing customer relationships.

Share this story: