US-headquartered OIA Global, which provides transport, supply chain management and packaging services, has acquired American Cargo Express (ACE), a US-based provider of domestic and international freight forwarding, warehousing and trade management services, for an undisclosed sum.
“Joining forces with ACE expands OIA’s footprint into the highly competitive Canadian market of Toronto and adds to our global network of locations, which includes countries in Europe, Asia and South America,” said Charlie Hornecker, CEO of OIA Global.
OIA is a subsidiary of investment firm Lacy Diversified Industries (LDI) and serves a range of industries including automotive. It has also recently opened an office in Chennai, India.
“Growth in Chennai has been led by the automotive, technology and textile sectors,” said Peter Wong, OIA’s managing director, Asia Pacific. “As OIA continues to experience impressive growth in Southeast Asia, India is expected to be an important part of the company’s growth over the next few years.”