Etihad acquires valuables management subsidiary under its cargo and logistics portfolio

Media IN Abu Dhabi 30th-05-2019 WAM

Etihad Airways one of the leading airline transport services today  announced that it acquired the shares held by Armaguard Linfox Group Pty (Australia) in Abu Dhabi-based joint venture Armaguard Valuables Management LLC (AVM), becoming sole shareholder of the company and renaming it Etihad Secure Logistics Services LLC.

In the six years since it began operations, AVM has successfully grown from a start-up to become a major player in the UAE secure logistics and valuables management market.

With increasing opportunities in their respective markets, both Etihad and Armaguard have agreed now is the right time for the business to operate as a full subsidiary of Etihad Airways as part of Etihad’s expanding cargo and logistics portfolio.

Linfox Armaguard Group CEO commented, “The Armaguard Group is concentrating on continuing to strengthen the existing businesses in Australia and New Zealand while enhancing our services across South East Asia, and as such will withdraw from the UAE.”

“Etihad and Armaguard have shared a long history of working together to provide the best solutions for our customers. We will continue as a strong network alliance, servicing the global valuables market. We will continue to work together to ensure a seamless transition for our customers.” he added

The Managing Director Cargo and Logistics Services at Etihad Aviation Group, said, “We would like to express our gratitude to Linfox Armaguard for their partnership and support these past years.”

He further said ” We are now in a position, with Etihad Secure Logistics operating as a wholly Etihad-owned business, to better support the home market in its next phase of growth and development.”