Ashurst advises EV Cargo on acquisition of Fast Forward Freight
12 April 2022
12 April 2022
As part of the transaction, EV Cargo has become the sole shareholder of Fast Forward Freight (and its trading subsidiaries), with the current owners of Fast Forward Freight becoming shareholders of EV Cargo. Fast Forward Freight will be rebranded as EV Cargo and operations will merge to create new and greater opportunities for the combined workforce and solutions for customers.
The transaction builds on EV Cargo’s successful track record of M&A execution that created its platform and enhances growth opportunities in European freight forwarding as well as trade lane development and expansion.
The Ashurst cross-border team was led by corporate partner David Carter, supported by senior associate Shaz Ali and associate Elnaz Amiri. Real Estate advice was provided by partner Henry Moss, supported by associate Dipika Kachhala. Frankfurt-based partner Florian Drinhausen and counsel Astrid Keinath supported on corporate aspects and counsel Lukas Müller advised on employment matters. Partner David Du Pont and associate Clement Dekemexhe in Brussels also advised.
"It is a pleasure to have assisted EV Cargo in growing their logistics portfolio. The transaction is the culmination of the collaboration between EV Cargo, Ashurst and local counsel."