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AxleHire Expands Last Mile Delivery to New York with Acquisition of Covet Shipping
Wednesday 09 October 2019

9 October 2019 - California, US-based logistics and technology company AxleHire has acquired New York, US-based shipping company Covet Shipping to expand into New York, the company said.
Terms of the transaction were not disclosed.
AxleHire said the acquisition of Covet Shipping comes when it is expanding its same day and next day delivery services to the New York area.
The acquisition of Covet Shipping will expand AxleHire's service offerings to Covet Shipping's customers in two key markets already served by AxleHire Los Angeles and San Francisco.
AxleHire provides same day and next day delivery services to leading retailers, brands and companies, and currently provides service in the meal kit/prepared food, grocery, retail, household goods, alcohol, prescription medications and other industries.
Covet Shipping is a full-service shipping company that utilises technology to make the customer delivery experience fast, convenient, and transparent. Covet Shipping offers same day and next day delivery services that are tailor-made for leading brands in New York.
Details
Date Published: 09/10/2019
Target: Covet Shipping
Country: USA
Sector: Water Transport
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: AxleHire
Comment:
Terms of the deal were not disclosed

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