All Acquisitions articles – Page 15
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News
Q7 Air Cargo invests in perishables specialist Airflo
Dubai-based logistics firm Q7 Air Cargo is to acquire an interest in the Dutch holding company of perishable forwarder Airflo from the Dutch Flower Group.Q7 Air Cargo and its sister company, Tiger Freight, are long term operators in the African perishable logistics industry and their participation in the Airflo businesses ...
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NewsAviaAM Leasing acquires B747-400F on behalf of Magma Aviation
AviaAM Leasing, part of the Avia Solutions Group, has purchased a Boeing 747-400F nose-loader freighter.The aircraft, which is part of the Magma Aviation fleet, accomplished its first commercial cargo flight on August 4.Magma Aviation designs and delivers bespoke air cargo transport solutions for routes worldwide. It believes that the new ...
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NewsGebrüder Weiss swoops on Ipsen Logistics' units
Caption: At the signing of the contract in Bremen (from left): Hans-Christian Specht and Eduard Dubbers-Albrecht (both Managing Directors at Ipsen Logistics) with Lothar Thoma (Managing Director Air & Sea at Gebrüder Weiss) and Wolfram Senger-Weiss (Chairman of the Management Board of Gebrüder Weiss). (Source: Ipsen Logistics / Bettina Conradi)Gebrüder ...
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Pilot expands in US and Mexico with acquisitions
Logistics and transportation provider Pilot Freight Services (Pilot) has expanded its presence in the US Midwest and along the US-Mexico border with the acquisition of five franchise stations.The integration took place on July 1 with no disruption to Pilot's service offerings.The acquired franchise stations offer solutions for the automotive, healthcare, ...
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NewsChapman Freeborn swoops on Arcus as it targets time critical sector
Gediminas Ziemelis, chair of the board, Avia Solutions GroupCharter broker Chapman Freeborn will acquire Arcus Air Logistics and Arcus Air OBC (on-board courier) from the Arcus Air Group as it targets the time critical logistics sector.Arcus offers air cargo charter and on-board courier services primarily to the automotive industry and ...
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NewsNippon Express taps into pharma market with MD Logistics acquisition
Japan-based logistics firm Nippon Express has completed the acquisition of US-based headquartered MD Logistics in a deal worth $51m (¥ 5.5bn).Nippon Express said the acquisition is part of its plan (commencing 2019) to make the “pharmaceutical industry a priority industry in our business plan and corporate strategy”.MD Logistics, headquartered in ...
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News
Global health crisis and acquisition impact DSV Panalpina Q1 results
DSV Panalpina saw revenues and airfreight volumes increase in the first quarter of the year, thanks to its acquisition of Panalpina, while the coronavirus outbreak had a negative impact on results."The financial performance in Q1 2020 was impacted by both the integration of Panalpina and the Covid-19 situation, the latter ...
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News
Bolloré Logistics expands Nordic presence
Bolloré Logistics has expanded its presence in the Nordics with the acquisition of a majority stake in the Swedish company Global Freight Solutions (G Solutions) and its Finnish affiliate.The forwarder said the acquisition was a strategic move to complement the Nordic regional network having previously established a structure in Norway, ...
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NewsImperial partners with MEX as they take aim at African market
Imperial has entered into a partnership with Turkish freight forwarder M Ekspres (MEX), which will see the creation of a new multimodal freight management business.The business will be based in Istanbul and will provide air and ocean import and export forwarding services. In addition, it plans to leverage the fast-growing ...
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NewsForwarder Delmar expands US presence with Rotra acquisition
Canadian freight forwarder Delmar International has announced the acquisition of Rotra, LLC and Rotra Brokerage Services, Inc.Delmar said the transaction significantly raises the capabilities and size its US footprint and workforce, which now exceeds 200 employees and operates from coast to coast with seven branches throughout the country.Established in 1984, ...
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News
DSV Panalpina confirms thousands of jobs to go as integration continues
Freight forwarder DSV has confirmed to Air Cargo News reports that suggest thousands of jobs will be cut as a result of the integration of Panalpina.A spokesperson confirmed a Wall Street Journal article that stated headcount would be reduced by between 3,000 to 4,000 during the integration of the two ...
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News
Reports re-emerge suggesting Swissport is up for sale
Reports have re-emerged suggesting that cargo handler Swissport is up for sale.Reuters reports that the handler's owner, China-based conglomerate HNA, is looking to offload Swissport at a discount in order to raise cash and cut debts.It is suggested that buyout firms Apollo Global Management and Cerberus, and asset manage Brookfield ...
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NewsDSV Panalpina registers improved airfreight volumes but margins in focus
DSV saw airfreight revenues and volumes improve last year thanks to its acquisition of Panalpina in August, but margins came under pressure.In 2019, the combined DSV Panalpina Group saw total revenues increase 19.8% year on year to DKr94.7bn, earnings before interest and tax (ebit) improved by 22.1% to Dkr6.6bn but ...
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News
Global Transport Solutions launches 2020 buy and build strategy with Airsped
Global Transport Solutions Holding (GTS) has completed the first of four planned acquisitions in 2020 after buying Airsped Logistics, a 3PL logistics service provider in Norway.Netherlands-based GTS is the holding company of Singapore-headquartered Marinetrans Group and Best Global Logistics Group of Netherlands.GTS confirmed that it is working on three other ...
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NewsAvia Solutions to buy freighter operator Bluebird Nordic
Avia Solutions Group, which owns UK broker Chapman Freeborn and freighter operator Magma Aviation, is to acquire 100% of cargo carrier Bluebird Nordic and so step into the narrow-body ACMI cargo business.According to the Cirium database, Iceland-headquartered Bluebird Nordic, founded in 1999, operates one B737-300SF and four B737-400SFs.Gediminas Ziemelis, founder ...
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NewsATC Aviation expands east European GSSA network with Brainway buy
L-R: Ingo Zimmer and Günter PeplATC Aviation Services Group has acquired Austrian cargo general sales and services agent (GSSA) Brainway and its subsidiaries in Croatia, Czech Republic, Hungary, Poland, Romania, Slovenia and Slovakia.Brainway and its subsidiaries will join ATC, the Germany-based GSSA, from the beginning of February.Among the airlines represented ...
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News
XPO Logistics considers selling business units
XPO Logistics is considering the sale or spin off of one or more of its business units as it believes its shares are trading below expectation.The logistics company said yesterday that its board has authorised a strategic review of the business."We continue to trade at well below the sum of ...
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NewsNagel-Group sells its airfreight business
Source: Nagel-GroupFood logistics firm Nagel-Group has sold its airfreight business to KOTRA-Logistics as it looks to concentrate on its core competencies.Nagel Airfreight was founded in 1987 and has about 40 employees at three German locations: Frankfurt, Berlin, and Bremerhaven.The airfreight business specialises in the distribution of fresh fish, an area ...
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News
SOL ups stake in forwarder Scanlog
Svenska Orient Linien (SOL) has taken a majority shareholding in logistics firm Scandinavian Logistics Partners (Scanlog).Until now, the shipping company has had a 20% holding in the business, but now it is expanding its ownership to just over 50%.“With SOL, Scanlog gets a strong majority shareholder who can help us ...
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News
WiseTech continues expansion with SISA acquisition
Fast expanding supply chain software firm WiseTech Global has acquired SISA Studio Informatica, a customs and freight forwarding solutions provider in Switzerland.SISA provides solutions covering customs clearance, freight forwarding and bonded warehouse management. Its customers include DHL Logistics (Schweiz), Fiege Logistik (Schweiz), FedEx, Post CH, Agility Logistics, F. Hoffmann-La Roche, ...