All Acquisitions articles – Page 4
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News
Scan Global Logistics plans for further acquisitions
Fast-growing Scan Global Logistics said it is planning to make more acquisitions with a focus on growing in key markets.Following the announcement of its full-year results, SGL said that its acquisition strategy had so far been based on accelerating its geographical presence.This strategy will continue in some larger markets but ...
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News
ANA again pushes back takeover of freighter airline NCA
All Nippon Airways (ANA) has for a third time delayed its planned takeover of freighter carrier Nippon Cargo Airlines (NCA) as regulators continue to examine the deal.ANA had originally been hoping to complete the deal on October 1 last year, but this was later pushed back until February 1, then ...
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News
MSC moves forward with Clasquin deal
Swiss shipping firm MSC has moved forward with its deal to acquire international air and sea freight forwarder Clasquin.MSC subsidiary SAS Shipping Agencies Services Sàrl has entered into a put option agreement for the acquisition of 42.06% of the share capital of Lyon, France-based Clasquin, said a press release issued ...
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News
More than 20 parties interested in buying DB Schenker
Deutsche Bahn (DB) yesterday provided an update on its plan to sell DB Schenker during the announcement of its full-year results, which showed the forwarder delivered a "reliable" profit performance.Levin Holle, member of the board responsible for finance and DB Schenker, said that more than 20 parties had registered an ...
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WFS set to swoop on Swedish cargo businesses
SATS confirmed its intention to acquire Sweden’s Terminal & Transporttjänst i Sigtuna (TT) and APH Logistics through its wholly-owned subsidiary, WFS Sweden.Completion of the transaction remains conditional upon regulatory filings and the required subsequent approvals, however.TT is a cargo warehouse and trucking operator based at Stockholm Arlanda Airport, Sweden’s busiest ...
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NewsDHL not looking to buy DB Schenker
DHL Group CEO Tobias Meyer. Photo: DHL GroupDHL Group has declared itself out of the running for acquiring DB Schenker following much speculation over which company will buy the freight forwarder.The German logistics company's chief executive Tobias Meyer said on March 6 that DB Schenker was determined "not a good ...
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News
Kerry Logistics takes a majority stake in Business by Air
Kerry Logistics Network has acquired a majority stake in French freight forwarder Business By Air SAS (BBA) to strengthen the firm's position in the Europe, Middle East and Africa region.Kerry said that BBA specialises in industrial clients covering verticals such as automotive, aerospace and pharmaceuticals and has acted as its ...
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NewsCMA CGM completes Bolloré Logistics acquisition
Rodolphe Saadé (left) and Cyrille Bolloré. Photo: CMA CGMThe CMA CGM Group has completed its largest acquisition since its formation with the takeover of Bolloré Logistics from the Bolloré Group.This follows the European Commission's recent approval of the acquisition, which has an approximate purchase price of €4.850bn.The transfer of Bolloré ...
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NewsBolloré's contract logistics business grows with acquisition
Photo: Bolloré LogisticsBolloré Logistics' contract logistics subsidiary, Bolloré Solutions Logistiques (BSL) has acquired STEF Logistique Santé (SLS) to grow its contract logistics business and strengthen its expertise in the pharmaceutical industry.SLS, the healthcare subsidiary of France-based Stef Group, employs 85 people at three different sites in Strasbourg (Port du Rhin). ...
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News
European Commission approves CMA CGM takeover of Bolloré Logistics
The European Commission has approved CMA CGM's proposed acquisition of Bolloré Logistics, bringing the shipping giant one step closer to growing its multimodal market share.CMA CGM Group entered into exclusive negotiations with the Bolloré Group to acquire Bolloré Logistics’ transportation and logistics activities in April last year. The deal is ...
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NewsQCS and Team Global Logistic to expand reach with merger
Source: QCSQuick Cargo Service and Team Global Logistic will merge their businesses with the aim of expanding the reach of service.The two companies said that union is "poised to enhance service offerings, expand global reach, and deliver unparalleled value to customers worldwide".QCS announced the deal this week and said that ...
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News
ECS Group back on the acquisition trail
The ECS Group is back on the acquisition trail following a break in activity due to the Covid crisis.The general sales and service agent (GSSA) has announced three takeover deals in the past three months and executive chairman Adrien Thominet says there are more deals in the pipeline.Explaining the decision ...
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NewsAlaska Air Group acquisition of Hawaiian gets go ahead
Photo: Hawaiian AirlinesAlaska Airlines has been given the green light to acquire Hawaiian Airlines after the latter's stockholders approved the deal that is set to boost cargo within the combined business.Seattle-based Alaska Air Group and Honolulu-headquartered Hawaiian Holdings entered into a definitive agreement for the acquisition in December last year. ...
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NewsMaersk weighs up DB Schenker bid
Source: ricochet64/Shutterstock.comShipping giant AP Moller Maersk says it would now consider making an offer for top-4 airfreight forwarder DB Schenker after previously dismissing the idea.Speaking after announcing its fourth-quarter results, chief executive Vincent Clerc said the company had now changed its mind on a possible bid for the forwarder given ...
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NewsMenzies grows in Hong Kong with Jardine investment
Source: Menzies AviationMenzies Aviation has invested in a 50% stake in Jardine Aviation Services Group (JASG) as it looks to expand operations in the Asia Pacific region.The stake was purchased from Asia-focussed conglomerate Jardine Matheson and is a joint venture with China National Aviation Corporation (CNAC), which will remain co-owner ...
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News
DHL Global Forwarding completes the integration of Danzas AEI
DHL Global Forwarding has finalised its takeover of Danzas AEI Emirates, with all facilities now rebranded to DHL.The forwarder first announced the takeover of its partner in October last year.Before the takeover, DHL had owned 40% of the UAE-based forwarder with the remaining 60% owned by Investment Trading Group, which ...
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News
Forward Air and Omni Logistics end acquisition dispute
Forward Air and Omni Logistics have agreed to end a legal dispute over Forward's planned acquisition of Omni.The companies have agreed to amend the terms of the existing agreement. This will end the litigation between Omni, a global multimodal provider of air, ocean and ground services, and Forward Air, a ...
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ECS continues recent acquisition spree in Morocco
GSSA ECS has continued its recent acquisition spree with the purchase of its Morocco-based partner.The ECS Group today announced it had acquired its partner of more than two decades EFIS MAROC.EFIS MAROC offers GSSA, air cargo, road and logistics services from its headquarters in Casablanca."Their expertise includes supervising the handling ...
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NewsNippon Express moves into the top-five airfreight players with cargo-partner deal
Photo Copyright: cargo-partnerNippon Express Holdings has completed its acquisition of several cargo-partner businesses based in central and eastern Europe.The shares of the businesses were acquired by a special purpose company wholly-owned by Nippon Express Europe, which is in turn a subsidiary of Nippon Express Holdings.Terms of the deal were not ...
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NewsAir Cargo News' most-read stories 2023
Photo: Khongtham/Shutterstock.The past 12 months have been another tough period for the air cargo market as a sluggish global economy transferred through to weak air cargo volumes.However, airfreight rates and revenues remained above pre-covid levels and e-commerce and other special product categories continued to support the market. There were also ...