All Acquisitions articles – Page 10
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NewsBolloré Logistics completes acquisition of Lynair Logistics
Pictured (L-R): David Guarnera (State Manager of Victoria and South Australia, Bolloré Logistics Australia), Thibault Janssens (CEO of Bolloré Logistics, Pacific Region), Augustin Paul (Managing Director of Lynair Logistics), Cameron Galloway, Sales Director of Lynair Logistics. Photo: Bollore acquisition. Photo Bollore LogisticsBolloré Logistics has completed its 100% acquisition of Lynair ...
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NewsHellmann becomes sole shareholder of Peruvian joint venture
Source: Hellmann Worldwide LogisticsHellmann Worldwide Logistics now owns 100% of shares in the Peruvian joint venture (JV) Hellmann Worldwide Logistics S.A.C.The German logistics company previously owned 50% of shares in the JV, but through the purchase of the remaining 50% of shares, which were held by president of the board ...
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Scan Global Logistics targets automotive with AFL acquisition
Fast-growing Danish forwarder Scan Global Logistics (SGL) has acquired an automotive logistics specialist as it targets growth in the sector.SGL today announced the purchase of Germany-based AFL International Logistics and its sister US company American Freight Line.AFL specialises in automotive transport between the European Union and the US.Services include air, ...
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NewsSEKO Logistics acquires US 3PL and fulfilment services provider
One of Pixior's US facilities. Photo: PixiorSEKO Logistics has acquired California-based 3PL and fulfilment services provider Pixior.With seven locations along the west coast, and one location in Connecticut, Pixior provides e-commerce fulfilment and retail services, with an emphasis on serving high-end fashion brands.SEKO said the acquisition of Pixior brings key ...
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NewsUPS expands in healthcare with Bomi acquisition
Source: UPSUPS plans to acquire healthcare logistics provider Bomi Group to expand its temperature-controlled facilities.The transaction will add temperature-controlled facilities in 14 countries - measuring 390,000 sq m - and nearly 3,000 employees."The acquisition will play a key role in the delivery of next-generation pharmaceutical and biologic treatments that increasingly ...
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NewsMaersk opens its war chest for project firm Martin Bencher
Source: MaerskCash-rich shipping giant AP Moller Maersk has announced the planned purchase of project logistics firm Martin Bencher as part of efforts to expand its supply chain offering.Maersk said the deal has an enterprise value of $61m and will allow the company to launch Maersk Project Logistics.Martin Bencher Group is ...
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Agility finalises Menzies acquisition
Agility has finalised its acquisition of UK-based John Menzies PLC and will combine the business with its National Aviation Services (NAS) business.The boards of Agility and Menzies reached agreement on March 30 on Agility’s cash offer to acquire 100% of Menzies ordinary shares following a series of exchanges between the ...
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Reports: Apollo group in talks over Atlas Air takeover bid
A group led by investment firm Apollo Global Managment is in talks to purchase airfreight group Atlas Air Worldwide Holdings, according to Reuters.The newswire quotes a person familiar with the matter as saying that talks are at an advance stage, although no details of whether a deal had been reached ...
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Newscargo-partner makes offer to acquire one third of sim cargo
Copyright: Esther Horvath/ cargo-partnerLogistics provider cargo-partner has announced its offer to acquire one third of the shares in European road groupage network sim cargo.cargo-partner has been a long term partner of the groupage network and a system partner of Germany-headquartered sim cargo, especially for distribution in Central and Eastern Europe.The ...
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NewsCEVA expands in Africa with latest acquistion
Source: CEVAFast-growing CEVA Logistics is expanding its presence in Africa through the purchase of forwarder Spedag Interfreight.Spedag has offices in several countries in east Africa and specialises in energy and infrastructure, aid and relief, oil and gas, and commodities.The company employs around 400 people in 24 locations in Kenya, Uganda, ...
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Geodis completes Keppel purchase as it expands in Asia Pacific
Geodis has completed the acquisition of e-commerce specialist Keppel Logistics as the forwarder expands its presence in Asia.The deal was first announced at the start of the year but Geodis has now obtained all regulatory approvals allowing completion.Geodis said the acquisition would bolster the two firms' respective e-commerce offerings by ...
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NewsScan Global Logistics acquires Sea-Air Logistics
Photo: Scan Global LogisticsGlobal logistics provider Scan Global Logistics (SGL) has acquired Sea-Air Logistics (SAL) to increase its presence in China and Hong Kong.The acquisition of the Hong Kong-headquartered air and ocean freight logistics provider is effective July 5.In October 2021, Denmark-headquartered SGL acquired SAL's longstanding partner, Horizon International Cargo ...
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DSV unaware of any CH Robinson divestment process
DSV has said it is unaware of any divestment process at CH Robinson after reports emerged that the Danish forwarder was interested in buying the US firm's forwarding business.In a statement to Air Cargo News, DSV, which has expanded rapidly through acquisitions over the past few years, added that would ...
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NewsHellmann Worldwide Logistics acquires overnight express provider
From left to right: Tobias Maue (CEP Pricing & Tender Mgmt), Ondřej Zíta (Managing Director CEP CZ/SVK), Wilfried Hesselmann (Head of CEP Europe) and Gennaro Ippolito (M&A Legal). Photo: HellmannHellmann Worldwide Logistics is taking over the Czech and Slovakian-based overnight express provider OptimNet Solutions s.r.o. to continue its expansion strategy ...
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Forwarder GTS swoops on airfreight specialist Cargo Holland
Time-critical logistics firm Global Transport Solutions (GTS) has acquired forwarder Cargo Holland as it looks to consolidate its presence in the Netherlands.Cargo Holland specialises in airfreight solutions and is located at Schiphol Airport. The forwarder will be integrated into GTS' third-party logistics time-critical service provider, Best Global Logistics.Cargo Holland chief ...
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Envirotainer to be sold
Temperature-controlled ULD firm Envirotainer is set to be sold in a deal worth around €2.8bn.The deal will see private equity firm Cinven and co-investor Novo Holdings sell the air cargo business to another private equity firm, EQT, and investment company Mubadala.International law firm Clifford Chance advised Cinven and Novo Holdings ...
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NewsDB Schenker buys logistics software provider
Photo: DB SchenkerFreight forwarder DB Schenker has acquired logistics software provider Bitergo to strengthens its digital strategy and move towards cloud-based software for small and medium-sized customers.The Germany-based companies worked closely together for three years prior to the takeover on May 31.Bitergo will continue to serve external customers as an ...
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Maersk completes $644m Senator acquisition as it looks to air cargo
Shipping giant AP Moller-Maersk has completed the acquisition of Senator International for $644m as it looks to boost its presence in forwarding and airfreight.Maersk said that Senator brings with it a well-developed airfreight network comprising own controlled flights and long-term partnerships with airlines, a well-established full container load (FCL) and ...
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Lufthansa Group and MSC make joint bid for ITA Airways
German airline Lufthansa has submitted a joint bid with Switzerland-headquartered shipping firm Mediterranean Shipping Co. (MSC) for a stake in Italian airline ITA Airways, according to media reports.Air Cargo News first reported that the MSC Group aimed to work with Lufthansa to acquire a majority stake in ITA in January.In ...
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NewsSwissport expands into Italy with acquisition
Photo: SwissportSwissport has been awarded the ground handling business of the company formerly known as Alitalia at Rome Fiumicino Airport in Italy.Alitalia entered extraordinary administration in 2017. In October 2021, its operations and assets were transferred to new state-owned flag carrier ITA Airways.Aviation services company Swissport has now started preparations ...