JAS completed the acquisition of Setoa.

JAS, a freight forwarding company, completed the acquisition of Setoa, a freight forwarding service company. Financial terms were not disclosed. "This acquisition represents an important step in our growth strategy and I am confident that it will create new synergies that will better meet the needs of our customers with an advanced range of logistics solutions expanding our global footprint with these new markets," Leonardo Baldi, JAS Regional Vice President and CEO.