All takeovers articles
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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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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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ArticleNissan seeks synergies as it adds Mitsubishi to its alliance
In completing its $2.3 billion investment in a 34% stake in Mitsubishi this week, Nissan has added a third company to its 17 year-old global alliance with Renault.Not only will the deal make the combined group the world’s third largest car producer with an anticipated 10m vehicles this year, but ...
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Article
Verizon builds telematics expertise with Fleetmatics buyout
Verizon Communications has announced an agreement to acquire Fleetmatics, a global provider of fleet telematics and mobile workforce management solutions, for around $2.4 billion. The move comes just a week after Verizon confirmed its acquisition of Yahoo for $4.8 billion.The takeover is subject to customary regulatory approvals and closing conditions, ...
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ArticleRhenus Logistics to take over Ferrostaal Automotive
German logistics provider Rhenus Group is buying Ferrostaal Automotive for an undisclosed sum.Ferrostaal Automotive provides pre-assembly operations to carmakers including Audi, Ford, GM, VW and Seat and the buyout, which will be formalised at the beginning of July this year, will expand the logistics provider’s service offering in Germany, Belgium, ...