| Type | Public("KSE:AGLTY") |
|---|---|
| Founded | 1979 |
| Headquarters | Safat, Kuwait |
| Key people | Tarek Abdulazia Sultan Al Essa (Chairman and Managing Director) Ehab Aziz(CFO) Essa Al-Salah - GIL(President and CEO Dan Mongeon - DGS (President and CEO Charbel Abou Jaoude - Infrastucture (President and CEO |
| Industry | Logistics Facility Management Private military contractor |
| Revenue | ▲ US$ 6.862 billion (2008) |
| Operating income | ▲ US$ 0.600 billion (2008) |
| Net income | ▲ US$ 0.528 billion (2008)[1] |
| Employees | 37,000 ("2009") |
| Website | http://www.agilitylogistics.com |
Agility, or Public Warehousing Co K.S.C. is a Kuwait based integrated logistics company. The company provides third party logistics, military logistics, facility management, distribution and supply chain solutions. Agility has 3 business groups, Global Integrated Logistics (GIL), Defense and Government Services (DGS) and Infrastructure, employing 37,000+ people in 550 offices located in 120 countries.
Contents |
Agility, the largest warehouse storage and logistics company in the Middle East,[2] traces its history to the Kuwait state-owned company Public Warehousing Corporation (PWC). PWC was incorporated in 1979 and privatized in 1997. In 2006, PWC rebranded themselves as Agility. When PWC was privatized in 1997, Abdul Aziz Sultan al-Essa, through a family venture, National Real Estate corporation, bought up to 25 percent of the company’s shares. The family then gave PWC to Tarek Sultan al-Essa, a dual Kuwait-US citizen who had graduated from the Wharton School of the University of Pennsylvania[3] and current member of the Board of Directors of Gulf Bank of Kuwait.[4]
Between 1996 and 2010, Agility grew rapidly through organic growth and acquisition of 17 logistics related companies. Some of the largest included Singapore-based Trans-Link Group, US based Transoceanic Shipping and GeoLogistics Corporation, WTS of Houston, Inc, Global Express Line, Taos Inc, Swiss company Cronat Transport Holding AG trading as Natural, Saudi Arabian company Globe Marine Services, Cosa Freight in China, Kenya company Starfreight and Kuwaiti based GCC Services providing catering, facility management and construction services.[5] The company also owns Tristar Transport, a UAE headquartered company offering bulk transportation and tank farm storage services for the petroleum industry.[6]and National Aviation Services (NAS) an airline ground handling company, providing services at 13 airports including Kuwait International Airport, Kuwait and Chhatrapati Shivaji International Airport in Mumbia, Sardar Vallabhbhai Patel International Airport in Ahmedabad and Pune International Airport in Pune, India.[7]
In 2003, Agility was awarded the Defense Logistics Agency’s (DLA) “Prime Vendor” (PV) contract to supply food and no-food products to the US military services in Iraq. Agility’s revenue from this contract and subsequent versions of it exceeds $8.5 billion.[8]
On November 16, 2009, a U.S. Grand jury indicted the company for overcharging the Defense Logistics Agency (DLA), $60 million on the PV contracts over a 41 month period between 2004 and 2007. As a result of the indictment, U.S. v. Public Warehousing Co. 1:09-cr-00490 United States District Court for the Northern District of Georgia (Atlanta), the DLA has temporarily suspended the company, but not debarred them from U.S. government contracts. In December 2009, a prime contractor on LOGCAP IV DynCorp International has terminated its subcontract with Agility in Afghanistan which if all options years were exercised had a possible value of up to $5.879 billion.[9] According to Kuwaiti U.S government contracts, Agility and the United States Department of Justice (DOJ) are negotiating to settle the alleged charges [2] by potentially paying a $600 million DOJ fine. [10]
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