Elite Global Logistics Network (EGLN) has announced to its membership during its annual conference in Vietnam this week, that it has reached a formal agreement for WCA Ltd to acquire a majority interest in the rapidly-growing network. Formed in 2015, EGLN has seen its membership around the world flourish to now encompass 332 memberships in 131 countries. The acquisition by WCA will enable the network to move to the next stage of its development and provide member companies with increased opportunities for business expansion and organic growth.
Roy Stapleton will remain as president of EGLN and will continue to set the network’s strategy as well as overseeing day-to-day operations. “This new agreement is unprecedented in the history of freight networks. EGLN is proud to become a part what we believe is a ‘win-win’ solution for our members and the network,” said Stapleton.
“The suite of benefits evolved by WCA has allowed it to stand out as a networking leader, and EGLN members will benefit from these obvious synergies offered by this unique partnership.”
WCA Chairman and founder David Yokeum stated that 2018 will prove to be an exciting year for EGLN, following the formal commencement of the agreement on 1 January.
“Roy has, over many years, built a deservedly strong reputation for providing independent forwarders with high quality environment in which members feel secure and confident that their business will grow,” said Yokeum.
“EGLN will retain its unique ethos and management style, but by adding many of WCA’s valued benefits and attributes, alongside strong backroom and financial support, EGLN has the tools to embark on an exciting new phase in its development.”