Agility, a leading global logistics provider, acquired a two-story warehouse close to Changi International Airport, giving it more than 600,000 square feet of warehouse space in total in Singapore.
The newly acquired 177,000-square-foot warehouse is located in an area with access to an array of logistics services and two major expressways. Agility has operated in Singapore for more than 40 years and employs more than 400 people there. It owns four other warehouses in Singapore.
With an expanded footprint, Agility will be offering more services: automated quality inspections; a container-management e-system; a large-scale recycling program for packing materials; and enhanced warehouse management systems with regional data back-up and business-continuity features.
Mykell Lee, Agility CEO Singapore, said the company’s decision to invest S$25.5m (US$18.25m) in the warehouse is a sign of its long-term commitment and belief in Singapore as one of the world’s foremost transportation and shipping hubs. He said the acquisition gives Agility more capacity to add to its value-added service offering, which includes testing, assembly, configuring, labelling and packing.