All mergers articles – Page 2
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FeatureYusen Logistics buys Transfreight Europe
Third party logistics provider Yusen Logistics has acquired Mitsui & Co subsidiary Transfreight Automotive Logistics Europe for an undisclosed sum.A Yusen statement said both companies offered expertise in cross-docking, transport and manufacturing plant logistical support and operations, but with complementary regional scope.Ian Veitch, chief regional officer of Yusen Logistics Europe, ...
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FeatureECG column: More of the same or all change?
This year will be one of substantial change, but change brings opportunity… including the opportunity to treat our drivers better Wolfgang Göbel is president of the Association of European Vehicle Logistics (ECG) Welcome to a new and probably rather interesting year. We entered 2017 in Europe with a ...
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FeatureZF establishes world’s second largest supplier of aftermarket parts
Germany’s ZF has established a dedicated new aftermarket division – ZF Aftermarket – which it says is the second largest supplier of premium aftermarket parts in the world.ZF Aftermarket will supply global customers with five product brands and associated services.The move stems from ZF’s takeover of rival parts maker TRW ...
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FeatureUPS acquires UK-based road transport broker Freightex
Global freight forwarding and logistics giant UPS has acquired UK-based Freightex for an undisclosed sum. The acquisition gives UPS a presence in the UK and European third-party logistics (3PL) road transport brokerage market.Freightex provides brokerage for truckload, less-than-truckload, specialised and refrigerated road transport services.In August 2015, UPS acquired North American ...
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FeatureEkol buys majority stake in Trieste terminal operator
Turkish transport and logistics provider Ekol Logistics has bought a majority 65% stake in Europa Multipurpose Terminals for an undisclosed sum. The company operates a ro-ro terminal at the port of Trieste, in Italy, served by ocean and rail. The other stakeholders are forwarding company, Casa di Spedizioni, and regional ...
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FeatureMaersk Line buys Hamburg Süd as sector consolidation continues
Denmark’s Maersk Line, the world’s largest container shipping company, has agreed to buy Hamburg Süd, the world’s seventh biggest, for an undisclosed sum.The deal is just the latest in a series announcements reflecting consolidation in the shipping industry, which is suffering from record low rates and overcapacity. Back in August, ...
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FeatureKKR offers $4.5 billion for Calsonic Kansei after agreeing to buy Nissan’s stake
American private equity group KKR has agreed to purchase Nissan’s 41% in Calsonic Kansei and, at the same time, offered to buy the remaining shares in the Tokyo-listed parts manufacturer, valuing it at almost ¥500 billion ($4.5 billion).Nissan will receive about $1.85 billion for its interest and KKR’s offer of ...
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FeatureK Line, MOL and NYK form container joint venture
Global maritime logistics providers Kawasaki Kisen Kaisha (K Line), Mitsui OSK Line (MOL) and Nippon Yusen Kabushiki Kaisha (NYK) are integrating their respective container shipping businesses in a new, as yet unnamed, joint venture. The merger includes the companies’ worldwide terminal operations, with the exception of Japan.NYK will own 38% ...
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FeatureFedEx completes buyout of TNT Express
Global courier FedEx has officially completed its takeover of European rival TNT Express following approval by European regulators in January this year. The buyout, which is worth around €4.4 billion ($5 billion), means FedEx adds a leading ground network distribution service for customers.FedEx will move its European headquarters to Hoofdoorp ...
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FeatureConsolidation in logistics: Big fish eat the little fish...
The big players in automotive logistics are getting bigger after a record year for mergers and acquisitions, with middle players at particular risk of being subsumed. So will this trend continue?There has been a growing trend for consolidation in the third party logistics sector over the past few years, including ...
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FeatureMahle Behr: Experiencing a Thermal change
Mahle Behr’s takeover of Delphi Thermal Systems in 2015 sparked a process of systems integration, freight consolidation and supply chain redesign that is set to last a further three years.Last year was a record one for global acquisition and mergers within the automotive supply chain. Consulting firm PwC estimated the ...
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XPO cuts jobs at LTL business in wake of Con-way takeover
Following XPO Logistics’ takeover of US transport and logistics provider Con-way for $3 billion, the company has announced 190 planned redundancies in its less-than-truckload (LTL) business.XPO said the layoffs would reduce annual costs by more than $20m. The company is aiming to make an improvement in profit of between $170m ...
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