Etihad Airways PJSC recently announced they have acquired shares held by Armaguard Linfox Group Pty (Australia) in venture Armaguard Valuables Management LLC (AVM) an Abu Dhabi-based joint venture. Etihad now becomes the sole shareholder of the company and renaming it Etihad Secure Logistics Services LLC.
Over the last six years since its establishment, AVM has continued to grow from a start-up to becoming a key player in the UAE secure logistics and valuables management market. With even more opportunities presenting themselves in their respective markets both Etihad and Armaguard both agreed the time was right for the business to operate as a full subsidiary of Etihad Airways, in keeping with the airlines continued growth of their cargo and logistics portfolio.
Group CEO for Linfox Armaguard, Gary Allen said, “The Armaguard Group is concentrating on continuing to strengthen the existing businesses in Australia and New Zealand while enhancing our services across South East Asia, and as such will withdraw from the UAE.”
Mr. Allen continued, “Etihad and Armaguard have shared a long history of working together to provide the best solutions for our customers. We will continue as a strong network alliance, servicing the global valuables market. We will continue to work together to ensure a seamless transition for our customers.”
Etihad Aviation Group Managing Director for Cargo and Logistics Services, Abdulla Mohamed Shadid said, “We would like to express our gratitude to Linfox Armaguard for their partnership and support these past years. We are now in a position, with Etihad Secure Logistics operating as a wholly Etihad-owned business, to better support the home market in its next phase of growth and development.
This comes with increased investment in the valuables transportation and logistics segments, as well as the banking and financial services sectors in Abu Dhabi and the UAE, complimenting the wider cargo and logistics offering at Etihad.”
Vincent Hampton has been appointed as Managing Director of Etihad Secure Logistics; under his remit he will lead and execute the company’s new strategic vision. Mr. Hampton has held various roles with the United States Air Force and the US Department of State in Abu Dhabi, and a decade of leadership roles in security consulting within the UAE private sector, and brings with him a wealth of experience as a management and security specialist.
อัพเดตข่าวสารและบทความที่น่าสนใจในอุตสาหกรรมโลจิสติกส์ก่อนใคร ผ่าน Line Official Account @Airfreight Logistics เพียงเพิ่มเราเป็นเพื่อน @Airfreight Logistics หรือคลิกที่นี่