Xelero business relation expands

Crystal Group acquires Setcargo

Xelero business relation France’s Crystal Group has acquired rival operator Setcargo from the holding company of transport and logistics group Mory.

Qualitair & Sea’s Joël Glusman, who adds Setco to his portfolio as CEO, said: “Setcargo is a very good fit for the Crystal Group, its activities being complementary to those of Qualitair & Sea.” Setcargo employs 240 staff and posted a 2009 turnover of €68.3m. It has a network of 15 agencies in France and a 4,500sq metre warehouse near Roissy-CDG. Perishables and pharmaceuticals are the company’s main product lines and it has a strong presence in French overseas territories.