All mergers articles
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ArticleCosco Shipping makes $6.3 billion bid for OOIL
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 fourth ...
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ArticleIn Time buys Spanish partner as automotive sector drives growth
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 Iberian Peninsula ...
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ArticleGefco confirms partial sale being considered by controlling shareholder
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 customer and ...
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ArticleUni-Select acquires The Parts Alliance to break into UK aftermarket
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 total ...
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ArticleHub Group adds dedicated trucking arm with $306m Estenson purchase
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 top 30 ...
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ArticleGeely chosen as Proton’s strategic partner
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 a ...
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ArticleToyota Motor Europe recognises Yusen Logistics for acquisition skills
Award winners – click to enlargeYusen 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 Europe, Yusen ...
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ArticleKerry Logistics announces Tuvia Italia takeover
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 ...
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ArticleGroupe CAT in talks to buy STVA from France's SNCF
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 2016 ...
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ArticleGreen light for Maersk Line's acquisition of Hamburg Süd
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 the ...
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ArticleGroupe CAT takes full ownership of Carlson Vehicle Transfer
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 CAT ...
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ArticleWallenius Wilhelmsen Logistics begins trading on Oslo stock exchange
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 listed ...
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ArticleTradisa buys Mosolf Group out of Tramosa
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 network of ...
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ArticleGroupe CAT takes over Sintax Logistica
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 pre-delivery ...
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ArticleIntel shifts gear in driverless car market with Mobileye acquisition
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, data ...
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ArticleInttra snaps up Avantida to move into container logistics
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 driven, ...
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ArticleFlash Europe acquires EF-Express group
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 doubling the ...
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ArticlePSA may buy Opel to become Europe’s second largest carmaker
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 the ...
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ArticleOIA Global buys out ACE and opens new site in India
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 Toronto ...
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ArticleLDC Logistics buys the rest of Metro Supply Chain Group
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 and ...