According to AIT President and CEO Vaughn Moore, the acquisition of ConneXion fulfills a long-term goal for the company to establish a greater presence in the United Kingdom.
“AIT has many customers in the U.K. with consistently high cargo volume, and the company’s aspiration to expand there has intensified in recent years,” Moore said. “This acquisition also reinforces AIT customers’ supply chains in the U.K. with robust local expertise, particularly when it comes to licensing and customs connections.
“Adding the ConneXion group to our global team will help mitigate any uncertainty our customers with business in the U.K. may have with respect to the forthcoming Brexit milestones,” he said.
The newly acquired company’s six locations will be overseen by Greg Weigel, AIT’s executive vice president of global operations.
Terms of the deal were not disclosed.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
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