GEFCO has acquired GLT, a European-Moroccan transport specialist to strengthen to take advantage of the growth in trade between Europe and Morocco in the automotive, retail, and fashion industries.
GLT, which was founded in 1998, has 75 trucks and 380 trailers, and is responsible for more than 16,000 crossings a year between Algeciras and Tangiers.
GEFCO chairman Luc Nadal said: “Some of our main customers in automotive, aeronautics, retail & industry are already investing heavily in the country to increase their production capacity, thereby generating the need for logistics support and reliable solutions. By capitalising on GLT’s know-how, we will be in the best position to seize the opportunities offered by these fast-scaling businesses.”
