AIT Acquires Multimodal International
AIT Worldwide Logistics acquired Multimodal International, an Illinois-based U.S. customs broker, the companies said in a June 3 news release. Multimodal is "known for their deep industrial vertical knowledge, particularly in the automotive and chemical markets -- two sectors where…
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AIT is strategically expanding," AIT Chief Information Officer Ray Fennelly said. "Bringing these experts into the AIT customs brokerage team adds immediate value for our customers in those industries, and many others.” Terms of the deal weren't released.