TORONTO, July 25, 2013 /CNW/ - Livingston International has signed a
purchase agreement to acquire the assets of Advantex Express Inc. as
well as the shares of its two U.S. entities, Advantex Express, Inc. and
Andina Group International, Inc. (collectively "Advantex"),
Livingston's president and CEO, Peter Luit, announced today.
Advantex is a transportation services and customs brokerage firm
headquartered in Mississauga, Ontario, with staff in Canada and the
United States. If completed, the acquisition would bolster
Livingston's Canadian and U.S. international freight forwarding and
customs brokerage operations. It would also give Livingston additional
ground freight audit capabilities. This transaction fits into
Livingston's business strategy to strengthen its leadership position in
Canada and expand its operating platform in the United States.
The parties involved in this purchase agreement are in the process of
finalizing certain legal formalities and other details. Assuming that
these conditions can be met in the weeks ahead, Luit and Advantex
president, Greg Richard, anticipate that the transaction could close by
North America's number one company focused on customs brokerage and
trade compliance, Livingston International also offers international
trade consulting and global trade management services as well as
international freight forwarding across North America and around the
globe. Headquartered in Toronto, Ontario, Livingston employs
approximately 3,200 staff at over 125 key border points, sea ports,
airports and other strategic locations across North America as well as
in Europe and Asia.
SOURCE: Livingston International Inc.
For further information:
1-800-387-7582 ext. 3109
Advantex Express Inc.