Switzerland-based supply chain solutions provider Panalpina will acquire its Egyptian agent Afifi, a highly respected family-owned company specializing in freight forwarding, customs clearance and logistics.
“Egypt has a lot of potential for us,” says Peter Triebel, Panalpina’s regional CEO for the Middle East, Africa and CIS.
“By uniting with our long-standing partner Afifi, we will increase our foothold in this attractive market and lay a strong foundation for growth. Afifi has a solid customer base in Egypt, as well as a strong track record and reputation in local customs brokerage and projects work.”
Afifi has been Panalpina’s agent in Egypt for the last 20 years.