We are proud to share with you that we have signed an agreement to acquire all the shares of AGV (H&N and FMCG).
AGV was established in 1998, employs over 2,600 people, and operates a platform of 300K+ square meters of warehousing space across 15 states in Brazil. It has a solid position in the health, nutrition, and consumer goods sectors, which nicely supplements Solistica’s existing capacities and focus on clients.
We have successfully merged leading companies in the logistics sector with Solistica; a clear example of this are the acquisitions of Expresso Jundiai and Atlas, which were essential for strengthening our value proposal in the market, boosting our transportation and warehousing solutions and other services. By adding their talent, services, processes, and best practices, we were able to secure our position as Brazil’s strongest player in LTL (Bulk Cargo) logistics. The merger of Solistica and AGV means we continue advancing in our evolution, always embracing our vision to be the supplier of 3PL logistics from Latin America to the world.
The integration of AGV will create synergies, supplement our platform, and improve the value proposal for our clients, allowing us to provide end-to-end logistics solutions across Latin America.This deal is awaiting the approval of Brazil’s antitrust and trade authorities.
We will keep you updated on this process.