The Antwerp-headquartered logistics company, ECU Worldwide, and the Scandinavian neutral consolidation firm, Nordicon, have announced a global partnership agreement, creating a holding company.
Allcargo Logistics-owned ECU Worldwide will hold a 65% stake and the rest 35% will remain to the present owners of Nordicon, while the business will continue to operate under the existing Nordicon name, without disruptions and with expanded global capabilities, according to a statement.
The partnership agreement will help freight forwarders who are looking at flexible logistics solutions for the Nordic region as it creates a better platform to grow in both ocean Full Container Load (FCL) and Less than Container Load (LCL) and rail freight across Europe, according to the announcement.
“In addition to expansion in an important market, this partnership allows us to expand our multi-modal offering through rail freight consolidation across Europe,” stated CEO of ECU Worldwide, Tim Tudor.
As ECU builds its global strength in the Nordic region, the new collaboration will assist Nordicon to grow within the ECU global network, according to the statement, while the cooperation between the two companies will, also, allow both partners to have a common focus on global accounts.
“Nordicon has decided to change global network to ECU Worldwide to create the best opportunities for sustainable growth in the future,” said CEO of Nordicon Group, Linus Ahlm, who continued to note, “We were attracted by the complementary strengths and the common focus on digital innovation to drive leadership through this partnership.”
