All mergers articles

  • Cosco OOCL container_opt
    Article

    Cosco Shipping makes $6.3 billion bid for OOIL

    2017-07-12T15:02:19Z

    Cosco Shipping lines is leading a bid to buy rival Orient Overseas (International) Ltd (OOIL) for HK$49.25 billion ($6.3 billion), as consolidation in the shipping industry continues. OOIL is the seventh largest container shipping company in the world, with extensive container shipping routes and networks. Cosco Shipping is currently the ...

  • Source inTime_opt
    Article

    In Time buys Spanish partner as automotive sector drives growth

    2017-07-12T12:20:02Z

    German premium freight provider, In Time Express Logistik, has bought Spanish courier and express transport operator, Servicios Empresariale Ader (Ader), along with two smaller sister companies for an undisclosed sum. Ader has been In Time’s local network partner in Spain for 15 years. “Transport volumes for In Time on the ...

  • W
    Article

    Gefco confirms partial sale being considered by controlling shareholder

    2017-06-14T14:19:27Z

    Gefco has confirmed its parent company, Russian Railways (RZD), is considering selling a partial stake in the company but plans to remain the majority shareholder. RZD completed an €800m ($900m) acquisition of a 75% stake in the logistics provider from PSA Group in December 2012 . PSA remains its biggest ...

  • bms-counter-290x320
    Article

    Uni-Select acquires The Parts Alliance to break into UK aftermarket

    2017-06-07T10:51:41Z

    North American aftermarket parts distributor, Uni-Select, is making a foray into the UK market by purchasing The Parts Alliance from private equity group HgCapital in a transaction valued at £205m ($263m). According to Uni-Select, the Solihull-headquartered company is the number two distributor in the UK with about 7% of the ...

  • Hub Estenson
    Article

    Hub Group adds dedicated trucking arm with $306m Estenson purchase

    2017-05-31T10:14:49Z

    US-based multimodal services provider Hub Group has agreed to acquire dedicated trucking company Estenson for $306m. Hub chairman and CEO David Yeager said his company had been searching for an acquisition in this market segment for the past two years, to help it provide “a more complete multimodal solution”. Hub’s ...

  • Proton Geely
    Article

    Geely chosen as Proton’s strategic partner

    2017-05-24T14:38:44Z

    Chinese carmaker Geely will take a 49.9% stake in Malaysia’s Proton group, as well as a 51% controlling interest in luxury car brand Lotus as part of a deal with DRB-Hicom Group. Under a $360m bailout agreement signed with the Malaysian government last year, the carmaker was required to find ...

  • Nagata_Veitch_Yusen Logistics
    Article

    Toyota Motor Europe recognises Yusen Logistics for acquisition skills

    2017-05-23T17:12:54Z

    Award winners – click to enlarge Yusen Logistics (Europe) was the only logistics company to receive an award from Toyota Motor Europe at its Annual Business Meeting & Supplier Awards Ceremony held in Brussels, Belgium, recently. Of the 27 awards given to the carmaker’s parts and services suppliers in ...

  • KerryLog
    Article

    Kerry Logistics announces Tuvia Italia takeover

    2017-05-17T14:09:02Z

    Kerry Logistics has announced its takeover of a majority stake in Italian logistics provider, Tuvia Italia. It is the latest move in Kerry’s expansion in Europe, though as Thomas Blank, managing director for Europe, explained to Automotive Logistics at last week’s Transport Logistic trade fair in Munich, Germany, the company’s ...

  • STVA_opt
    Article

    Groupe CAT in talks to buy STVA from France's SNCF

    2017-05-03T16:49:49Z

    Transport and logistics provider Groupe CAT has entered into exclusive negotiations to purchase the STVA Group from French state-owned rail company, SNCF, for an undisclosed amount. If successful, the deal would give CAT one of Europe’s largest bimodal finished vehicle logistics fleets and add a proforma €312m ($340m) to its ...

  • Santa Teresa am 2.3.12 in Santos / Brasilien
    Article

    Green light for Maersk Line's acquisition of Hamburg Süd

    2017-05-03T15:02:00Z

    The respective boards of Maersk Line and Oetker Group have approved the agreement for a takeover by the former of shipping company Hamburg Süd, in a deal first announced last December. The acquisition of the Oetker subsidiary will add 20% to Maersk Line’s capacity and 26% to revenues, mainly on ...

  • SANYO DIGITAL CAMERA
    Article

    Groupe CAT takes full ownership of Carlson Vehicle Transfer

    2017-04-19T23:28:35Z

    Groupe CAT has announced the latest acquisition in its consolidation spree, buying the 50% in UK firm Carlson Vehicle Transfer (CVT) that it did not already own for an undisclosed sum. The stake was acquired from founder Carl Richardson, who will still provide support to the company, according to a ...

  • tonsberg_1_WWL_Vessel-768x432
    Article

    Wallenius Wilhelmsen Logistics begins trading on Oslo stock exchange

    2017-04-05T16:59:04Z

    Wallenius Wilhelmsen Logistics ASA (WWL ASA) began trading on the Oslo stock exchange – the Oslo Børs – on Wednesday (April 5), following completion of the ownership merger announced in September last year. The company, which is worth 17.9 billion krone ($2 billion), said it was among the 10 largest ...

  • Mosolf Rail
    Article

    Tradisa buys Mosolf Group out of Tramosa

    2017-04-03T22:27:30Z

    Automotive logistics provider Tradisa has bought the other half of its jointly owned Tramosa business from the Mosolf Group for an undisclosed sum. The transaction comprised consolidating ownership of Tramosa France, based in Creutzwald, and Tramosa Logistik, based in Saarlouis, Germany. “The purpose of this transaction is to simplify the ...

  • Sintax Logistica
    Article

    Groupe CAT takes over Sintax Logistica

    2017-03-15T14:35:55Z

    French transport and logistics provider Groupe CAT has acquired Spanish firm Sintax Logistica for an undisclosed sum. Sintax is an international vehicle logistics provider with a focus on Spain, France, Portugal and Morocco. Its services include new and used vehicle transport, multimodal distribution, compound management and technical services such as ...

  • Intel Mobileye hero lr
    Article

    Intel shifts gear in driverless car market with Mobileye acquisition

    2017-03-14T17:36:29Z

    Chipmaker Intel has made a massive push into the autonomous car sector with an agreement to buy driverless vehicle technology firm Mobileye for just over $15 billion. The acquisition of the Jerusalem-based technology company, which should be completed over the next nine months, gives Intel access to a vehicle systems, ...

  • Avantida cosco-vessel lr
    Article

    Inttra snaps up Avantida to move into container logistics

    2017-03-14T16:17:09Z

    Parsippany, New Jersey-based electronic shipping transaction platform Inttra has acquired Belgian empty container management solutions provider Avantida for an undisclosed sum. Avantida, based in Antwerp, specialises in optimising the handling of empty shipping containers. Its reuse and repositioning applications provide information for shippers and transport companies to help minimise miles ...

  • EF Express Flash
    Article

    Flash Europe acquires EF-Express group

    2017-02-15T14:56:59Z

    Premium freight provider Flash Europe International has acquired German based EF-Express group for an undisclosed sum. Flash says the deal, the first since investor Eurazeo PME completed the purchase of a 43% share in Flash Europe International in September 2015, is a step towards the goal of at least ...

  • Opel GM PSA
    Article

    PSA may buy Opel to become Europe’s second largest carmaker

    2017-02-15T14:43:03Z

    French carmaker PSA Group has confirmed it may acquire General Motor’s European business, which includes the Opel and Vauxhall brands. The move could lead to further logistics synergies between the carmakers and logistics provider, Gefco. The deal may be the car industry’s biggest since the Fiat-Chrysler merger was completed post ...

  • OIA-Global-sede
    Article

    OIA Global buys out ACE and opens new site in India

    2017-02-08T12:15:36Z

    US-headquartered OIA Global, which provides transport, supply chain management and packaging services, has acquired American Cargo Express (ACE), a US-based provider of domestic and international freight forwarding, warehousing and trade management services, for an undisclosed sum. “Joining forces with ACE expands OIA’s footprint into the highly competitive Canadian market of ...

  • Metro_Supply_Chain_Group_Logo_opt (1)
    Article

    LDC Logistics buys the rest of Metro Supply Chain Group

    2017-02-08T12:01:19Z

    LDC Logistics has acquired the remaining shares in third-party logistics provider Metro Supply Chain Group (Metro SCG) from private equity investor, Novacap. Over the past 12 years since Novacap’s initial investment, Metro SCG has expanded from its Canadian warehousing roots to provide customised solutions in warehousing, e-commerce fulfilment, transport management ...