All Acquisitions articles – Page 6
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NewsDHL completes MNG Kargo acquisition
Frank-Uwe Ungerer, DHL eCommerce chief commercial officer; Pablo Ciano, DHL eCommerce chief executive; Hale Ozsoy Biyikli, MNG Kargo shareholder; Kagan Gunduz, MNG Kargo chief executive; and Haydar Sancak, MNG Kargo shareholder. Photo: DHL GroupDHL Group has now completed the acquisition of Turkish parcel delivery company MNG Kargo and its subsidiaries ...
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NewsSGL plans to continue acquisition spree after Portugal purchase
Lars Syberg, Scan Global Logistics, and António Beirão, FLS. Source: Scan Global LogisticsFast-growing Scan Global Logistics (SGL) has continued its acquisition spree with the purchase of Portugal-based FLS and has more planned in the coming months.SGL said that the purchase of FLS would strengthen its position in the government and ...
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NewsUPS swoops on time-critical logistics firm MNX
Source: UPSExpress giant UPS has today announced a deal to acquire time-critical logistics firm MNX Global Logistics as it looks to ramp up its healthcare capabilities.Long Beach-headquartered MNX provides services covering next flight out (NFO), air charter, on-demand courier, managed transportation, service parts logistics (SPL) and specialty freight.Its clients include ...
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DB Schenker to be sold as a complete unit and not split up
Deutsche Bahn will sell its logistics business, DB Schenker, as a complete unit rather than splitting it up into smaller units.Air Cargo News sister title DVZ reported that the Deutsche Bahn supervisory board was this week told that after months of examining various options, a complete sale was the most ...
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Nippon Cargo Airlines takeover delayed
The transfer of freighter operator Nippon Cargo Airlines (NCA) from logistics group NYK to All Nippon Airways (ANA) has been delayed until next year.In an investor note, shipping group NYK said that the transfer of shares had been moved back from October 1 to February 1 next year.Explaining the move, ...
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Scan Global Logistics on a roll with Swiss acquisition
Scan Global Logistics (SGL) has entered the Swiss market for the first time through the purchase of Belglobe.Fast-growing SGL said Belglobe had three decades of experience and a "strong position" in the temperature-controlled pharma healthcare and luxury consumables industries."SGL will gain immediate proximity to multinational companies’ central procurement and supply ...
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NewsRhenus takes aim at Central Europe growth with latest acquisition
Source: RhenusRhenus has continued its recent investment spree with the acquisition of Hungarian freight forwarder ITS Logistics Hungary KFT.The Germany-headquartered firm said that the purchase would consolidate its foothold in Central-East Europe following the integration of Croatian logistics provider Trans Integral.ITS Logistics Hungary KFT is based in Vecsés on the ...
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NewsHellmann acquires Italian partner as it looks to Mediterranean expansion
Jens Tarnowski, Daniela Coppola and Andreas Lamping, Hellmann. Source: HellmannHellmann Worldwide Logistics is taking over its Italian partner as it continues to expand its European operations.Milan-based Hellmann Italy employs approximately 70 people at six locations and has been providing air and seafreight services to Hellmann since it was founded in ...
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NewsRhenus targets nearshoring with LATAM investments
Source: RhenusFreight forwarder Rhenus Group has expanded its presence in Latin America with the purchase of BLU Logistics and the acquisition of a majority stake in LBH Group.The German firm said that the acquisition of Colombia-based BLU would expand its presence in Argentina, Colombia, Ecuador, Mexico, Paraguay and Uruguay as ...
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Ascent Global Logistics acquired by investment firm
Time-critical logistics firm Ascent Global Logistics has been acquired by an investment firm hoping to capitalise on increasingly complex supply chains.The Michigan-headquartered firm has been bought by an affiliate of investment firm HIG Capital from Elliott Investment Management.Ascent’s management team will remain shareholders in the company and Elliott has also ...
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CEVA Logistics expands in India with acquisition
French firm CEVA Logistics is expanding in India with the purchase of nationwide contract logistics expert Stellar Value Chain Solutions.CMA CGM-owned CEVA Logistics said it has signed an agreement to acquire 96% of Mumbai-based Stellar Value Chain Solutions from an affiliate of private equity firm Warburg Pincus and other shareholders.Launched ...
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Wallenborn withdraws from stake in Skyroad Logistics
Wallenborn will not go ahead with its previously announced acquisition of a stake in Australia-based Skyroad Logistics.Road feeder services (RFS) operator Wallenborn said in November that it would acquire a shareholding in fellow RFS firm Skyroad Logistics, though it did not confirm how large a stake it would take at ...
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NewsSwissport takes majority stake in Düsseldorf Airport cargo handling unit
Photo: SwissportSwissport has closed the acquisition of a 74.9% stake in Flughafen Düsseldorf Cargo, the cargo handling unit of Düsseldorf Airport.Starting August 17, Swissport Deutschland and Flughafen Düsseldorf have embarked on a long-term joint venture partnership at Düsseldorf Airport, operating under the new name of Swissport DUS Cargo Services.First announced ...
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MNG Airlines and Golden Falcon terminate proposed business combination
Turkish freighter operator MNG Airlines has terminated its proposed business combination agreement with the specialised private equity company Golden Falcon Acquisition.MNG and Golden Falcon had disclosed the proposed combination in December last year, as part of the airline’s strategy to become a publicly-listed US company on the New York stock ...
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Woodland Group acquires WBS Nordic
Global logistics, freight forwarding & supply chain specialist Woodland Group has acquired WBS Nordic, a logistics supplier to the print and publishing industry across the Nordic Regions.This follows the part-acquisition of WBS UK by Woodland Group in September 2021.Woodland Group said in a press release that "we’re pleased to announce ...
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MSC acquires majority stake in AlisCargo Airlines
Mediterranean Shipping Company (MSC) has acquired a majority stake in Milan-based airfreight carrier AlisCargo Airlines.The acquisition follows MSC's confirmation last month that it was in talks with the cargo airline, as it continues to develop its air cargo operations.This deal initiates a 100% takeover set to take place at the ...
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Deutsche Bahn mulls DB Schenker sale options
Rail and logistics giant Deutsche Bahn (DB) is continuing to assess its options for selling its forwarding subsidiary DB Schenker.Levin Holle, member of the Management Board for Finance and Logistics, noted that the business is performing well, despite much more challenging market conditions than in 2022.Speaking during the DB Group's ...
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NewsDHL Group to acquire Turkish parcel delivery provider MNG Kargo
Haydar Sancak, MNG Kargo shareholder, Hale Ozsoy Biyikli, MNG Kargo shareholder, Kagan Gunduz, MNG Kargo CEO, Pablo Ciano, DHL eCommerce CEO, Frank-Uwe Ungerer, DHL eCommerce chief commercial officer. Photo: DHLDHL Group has strengthened its European e-commerce business with the acquisition of Turkish parcel delivery company MNG Kargo and its subsidiaries.MNG ...
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NewsMenzies adds Bulgarian presence through CHS investment
L-R: Cristian Paris, Menzies Aviation, Sacho Dermendjiev, CHS, Jiri Petrzilka, Menzies Aviation. Source: Menzies AviationHandler Menzies Aviation has continued its recent expansion through the investment in a majority stake in Cargo Handling Services Limited (CHS) at Sofia International Airport (SOF).CHS provides warehousing, import and export handling, mail handling ...
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NewsRed Wings to swoop on Sky Gates as it eyes cargo expansion
Photo: alenka2194/Shutterstock.comRussian airline Red Wings is planning to buy all-cargo carrier Sky Gates as it looks to expand in the cargo market.Last week, Red Wings general director Evgeny Solodilin told Rossiya 24 that the company was planning to operate two Il-96s on the certificate of a cargo airline but did ...