Panalpina Welttransport AG entered into an agreement to acquire CargoMaster S.A. from Felipe Sanchez and others.

Panalpina WeltTransport Holding AG is a Switzerland-based holding company engaged in the transportation sector. The Company provides end-to-end supply chain solutions. Its three core activities comprise Air Freight, Ocean Freight and Logistics. Air Freight includes four services lines: General, for goods not requiring special handling; Special, for goods requiring special handling; Express, for goods requiring fast transport; and Intermodal, for goods requiring air and sea services. Ocean Freight includes three service lines: Full Container Load (FCL), shipping full containers; Less-than-Container Load (LCL), shipping goods with other goods in the same container; and Non-Containerized Load (NCL), shipping goods requiring special handling. Logistics includes five supply chain management services: inbound, warehousing, production, distribution and aftermarket services. It operates globally through its subsidiaries, branches and partners in Europe, North America, South America and Asia.