All Acquisitions articles – Page 13
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News
Pilot Freight Services expands presence in North America
Logistics provider Pilot Freight Services has acquired franchise stations in "strategic markets" in North America.Pilot said the franchises, which are in Oregon in Washington, and Oklahoma, will be integrated into its organisation "with no disruption in service offerings or senior management".The company said in a statement: "[The franchises] serve a ...
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NewsWFS expands North American presence with Pinnacle Logistics deal
Source: WFSGround handler Worldwide Flight Services (WFS) has acquired Pinnacle Logistics as it looks to expand its presence in North America.Fort Worth-based Pinnacle is focussed on specialist express cargo handling for e-commerce customers and has a handling presence at Dallas Fort Worth, Houston, Austin, San Antonio, Allentown (PA), Minneapolis and ...
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Scan Global to acquire Orbis as it continues rapid expansion
Scan Global Logistics (SGL) has entered into a binding agreement to acquire New Zealand forwarder Orbis Global Logistics as it targets a top 15 spot in the air cargo market.SGL said the deal, which is set to be completed on October 5, will "significantly strengthen its position in the Pacific ...
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Jas Worldwide to acquire Greencarrier Freight Services
Jas Worldwide has signed a share purchase agreement to acquire Swedish-headquartered forwarder Greencarrier Freight Services International.Greencarrier Freight Services International — a subsidiary of Greencarrier Group — offers freight forwarding, logistics, and supply chain management services. It has a presence in 11 countries and has a team of 800 employees.Jas Worldwide ...
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No plans to sell DB Schenker as DSV rumours resurface
DB Schenker has said there are no current plans to sell the company as rumours of DSV Panalpina's interest in the Deutsche Bahn-owned forwarder resurfaced.Earlier this week, DSV Panalpina chief financial officer Jens Lund told Danish publication Shipping Watch that the company would be interested in holding talks with state-owned ...
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DSV Panalpina targets growth after completing Agility GIL deal
DSV Panalpina has completed the takeover of the logistics arm of Agility - Global Integrated Logistics (GIL) — in a deal with an enterprise value of around $4.8bn.The all-share deal will see Agility gain 8% of the total shares in the combined entity making it DSV Panalpina's second largest shareholder.The ...
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DHL to stick with an opportunistic approach to acquisitions
Deutsche Post (DP) DHL will maintain an opportunistic approach to freight forwarding acquisitions despite the spate of takeovers recently announced by some of the company's peers.Speaking after the delivery and logistics giant last week revealed its half year results, DP DHL chief executive Frank Appel was asked whether the company ...
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Cargojet continues international expansion with 21Air investment
Cargojet has invested in a minority share of US freighter operator 21Air as it looks to grow internationally.Cargojet will acquire a 25% interest in 21Air and will "continue to collaborate with 21Air on mutually beneficial opportunities in this expanding air cargo market".21Air is certified by the US Federal Aviation Administration ...
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Cargo-partner expands in Australia with ACF move
Cargo-partner has continued its expansion with the purchase of Australia-based forwarder Associated Customs & Forwarding (ACF).ACF is an IATA-accredited service provider for air and sea freight, customs brokerage and contract logistics.The company operates 3,000 sq m of warehouse space in Sydney, including a bonded warehouse with in-house customs clearance as ...
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WFS expands presence in France with R.A.Hand acquisition
Ground handler Worldwide Flight Services (WFS) has expanded its operations in France with the acquisition of French handler R.A.Hand.R.A.Hand, which has around 60 agency clients, works with French and international freight forwarding companies to provide cargo handling services, storage, distribution and deliveries to airlines.WFS said R.A.Hand was established in 2010 ...
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A record H1 for Geodis in 2021
Logistics provider Geodis has achieved record half-year (H1) revenues and ebit in the first six months of this year — driven by growth in intercontinental transport and increased e-commerce demand in the US and Europe.In its 2021 half-year financial results, the company posted revenues of €4.9bn — a 21% year-on-year ...
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CEVA targets Latam perishables with Cargex takeover
CEVA Logistics has signed an agreement to purchase all shares in Colombian freight forwarder Cargex as it looks to expand in the Latam region.The Bogotá-headquartered firm has been established for more than 25 years and its primary focus is export management of perishable goods.The company has operations in Bogotá, Medellin, ...
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DSV Panalpina posts increased H2 revenues as Agility GIL acquisition continues
DSV Panalpina has reported increased revenues and operating profits (ebit) in its interim half-year 2021 financial results.The forwarding giant, which started the process of acquiring Agility Global Integrated Logistics (GIL) earlier this year, said its performance was "driven by 18% growth in gross profit and a high productivity across all ...
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K+N's air division earnings boosted by Apex deal
Forwarder Kuehne+Nagel (K+N) has more than doubled its earnings in the first half of 2021.The company said that "continued recovery of the global economy led to strong demand for logistics services", which in turn helped it to achieve group net turnover of CHF13.3bn — 35% higher than the same period ...
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Geodis strengthens pharma offering with Gandon Transports acquisition
Supply chain firm Geodis is set to expand its presence in the pharma market with the acquisition of temperature-controlled logistics business Gandon Transports.Geodis said Gandon Transports, which specialises in the transport of pharma products at controlled temperatures of 2°C to 8°C and 15°C to 25°C, has an extensive network of ...
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DP World to expand Africa and Europe presence with Imperial acquisition
Supply chain solutions provider DP World has revealed plans to acquire Imperial Logistics in an $890m deal.Dubai-headquartered DP World, which has 136 business units in 61 countries across six continents, said it is interested in acquiring Imperial and all of its businesses to expand its logistics footprint in Africa and ...
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NewsHellmann set for Innight Express acquisition
Tobias Maue, Tamás Aradi, Zoltán Csombok, Wilfried Hesselmann and Zsuzsanna Fazekasne Bencze. Source: HellmannHellmann Worldwide Logistics will acquire overnight express provider Innight Express as it aims for expansion in central and eastern Europe.The express firm is based in Hungary and Romania and the two shareholders, Tamás Aradi and Zoltán Csombok, ...
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Kuehne+Nagel sells minority stake in Apex
Kuehne+Nagel has agreed to sell a 24.9% stake in recently acquired Apex International to private equity firm Partners Group.The forwarder said that following the deal, it will work alongside Partners Group to implement a "transformational value creation plan" for the China-based forwarder with key initiatives including establishing new freight forwarding ...
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G-Solutions re-brands following Bolloré Logistics investment
Swedish company Global Freight Solutions (G-Solutions) and its Finnish affiliate will be re-branded as Bolloré Logistics.The move comes after Bolloré Logistics purchased a majority stake in the company in 2020.In line with the move, two new subsidaries will be established: Bolloré Logistics Sweden and Bolloré Logistics Finland.Johan Moerth, managing director ...
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Kuehne+Nagel completes Apex acquisition as it looks to expand in Asia
Kuehne+Nagel (K+N) has completed the majority acquisition of Apex International as part of efforts to expand its presence in the Asian market.The deal was first announced in February but earlier today K+N announced it had now received unconditional regulatory approvals from the competent authorities.The purchase price paid at closing ...