All Acquisitions articles – Page 8
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NewsSATS completes acquisition of WFS
Photo: WFSSingapore-based aviation services company SATS has completed the acquisition of cargo handler Worldwide Flight Services (WFS) for €1.3bn.SATS struck a deal last September to buy WFS from an affiliate of asset investor Cerberus Capital Management. The transaction has an enterprise value of €2.25bn.WFS is now a fully owned subsidiary ...
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NewsASL expands into Australia with Pionair acquisition
ASL Aviation Holdings has acquired freighter operator Pionair as it expands into Australian and Oceania marketsACMI provider Pionair has five main bases in Australia - Sydney, Melbourne, Adelaide, Brisbane and Cairns - and has a focus on the express and e-retail sectors.Its fleet consists of 12 aircraft including Embraer E190-E2’s ...
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Bolloré Africa Logistics rebrands following takeover
Bolloré Africa Logistics has been rebranded as Africa Global Logistics (AGL) following its acquisition by container shipping giant MSC.The acquisition was completed at the end of 2022 and included all the Bolloré Group's shipping, logistics and terminal operations on the continent.At the time the deal was announced, Bolloré Africa Logistics ...
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NewsDSV targets semiconductor market with double acquisition
Source: DSVDSV is acquiring US logistics firms S&M Moving Systems West and Global Diversity Logistics as it looks to grow its presence in the semiconductor industry.The Danish forwarder said the deal would also align with its new Phoenix-Mesa Gateway Airport operations and support DSV's growing cross-border services to Latin America.Financial ...
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NewsSwissport to acquire majority stake in Düsseldorf Airport’s cargo handling unit
Photo: SwissportSwissport will acquire a majority stake in Düsseldorf Airport’s cargo handling unit.The cargo handler said it would take a 74.9% shareholding in Flughafen Düsseldorf Cargo GmbH.With this transaction, Swissport and Düsseldorf Airport will enter a long-term partnership to merge their existing air cargo handling businesses at the airport and ...
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Investor group completes Atlas Air acquisition
An investor group led by Apollo Global Management has completed the acquisition of freighter operator Atlas Air Worldwide Holdings.The deal was first announced in August last year with an equity value of around £3bn, although FlightGlobal reports the final deal had a value of around $2.9bn. The completion of the ...
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DP DHL outlines criteria for any DB Schenker bid
Shortly after Deutsche Post (DP) DHL announced another set of record full-year results, the parcel and logistics giant's outgoing chief executive, Frank Appel, was asked about a report in German business title Manager Magazin that suggested the company could be preparing a bid for DB Schenker.The article said that DP ...
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NewsDachser expands in Australasia with ACA purchase
Source: DachserDachser has expanded in Australia and New Zealand with the acquisition of freight forwarder ACA International.ACA is headquartered in Melbourne and the purchase adds six additional locations to Dachser's Air & Sea Logistics (ASL) network."This acquisition means Dachser’s own air and sea freight network now also covers Australia and ...
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Atlas Air expects takeover to complete in days
The takeover of freighter operator Atlas Air Worldwide Holdings is expected to complete in the coming days after the company gained the necessary approvals.In a stock exchange filing, the New York-headquartered firm said that as of March 14 "all regulatory conditions to closing set forth in the merger agreement were ...
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Three banks selected for DB Schenker sale
Deutsche Bahn has appointed three banks as it moves forward with the sale of its freight forwarding subsidiary DB Schenker, according to Reuters' sources.The report said that the rail group has chosen Goldman Sachs, Morgan Stanley and Deutsche Bank for the sale.Final details on the sale are still being decided, ...
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IBS acquires Accenture Freight and Logistics Software
SaaS provider IBS Software has acquired Accenture Freight and Logistics Software (AFLS), a provider of technology platforms that help airline and ocean transportation companies manage their freight operations.The purchase is expected to bolster IBS’ air cargo capabilities and extend its reach into ocean freight and logistics.Boosting the freight business is ...
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Wheels in motion for Frankfurt-Hahn Airport Group sale once again
The sale process of Frankfurt-Hahn Airport Group is gearing up once again as bidders and interested parties have been invited to participate in the investor process.Currently in administration, the German Group was due to be sold to Swift Conjoy, however, earlier this month it was confirmed the deal had fallen ...
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EV Cargo becomes sole shareholder of Allport Netherlands
Hong Kong-headquartered freight forwarder EV Cargo has acquired the remaining 60% of the shares of Allport Netherlands from its joint venture partner.As part of the transaction, EV Cargo will also acquire the remaining shares in EV Cargo Global Forwarding Belgium to become the sole shareholder of this business as well.Formed ...
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Frankfurt-Hahn Airport sale falls through
New buyers are being sought for Frankfurt-Hahn Airport group after a deal with Swift Conjoy fell through.Currently in administration, the Group was due to be sold to Swift Conjoy, a joint venture between real estate firm Swift Holding and aviation specialist Conjoy Investment Partners.However, administrators Brinkmann & Partner on Sunday ...
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NewsGCL accelerates its expansion with automotive acquisition
Source: Global Critical LogisticsGlobal Critical Logistics (GCL) has acquired UK-based Classic Automotive Relocation Services (CARS) as it looks to expand its geographical presence and customer base.CARS is a specialist in the shipment of historic and rare vehicles by road, air, and seafreight, operates a network of specialist storage facilities and ...
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NewsScan Global Logistics outlines benefits of new majority owners
Source: Scan Global LogisticsScan Global Logistics is hoping that its new majority owners will help the company achieve its ambitious growth plans as it strives to reach $5bn in annual revenues.Earlier today, the fast-growing freight forwarding company announced that private equity fund CVC Capital Partners Fund VIII (CVC) had purchased ...
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CVC takes majority stake in fast-growing Scan Global Logistics
Fast-growing freight forwarder Scan Global Logistics has a new majority shareholder in the shape of private equity fund CVC Capital Partners Fund VIII (CVC).CVC has acquired the shareholding from an investor group led by AEA Investors Small Business Private Equity (AEA) but details of the transaction were not released.AEA will ...
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Freightos begins trading as a public company
Freightos has completed its merger with acquisition company Gesher and has commenced trading as a public company on the Nasdaq stock exchange in New York, US.The global freight booking and payment platform entered into a definitive merger agreement with Gesher in June last year.The combined company is operating as Freightos ...
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Air charter demand rising
The global air charter services market is expected to be valued at $31.9bn in 2023, according to a US market research company.Fact.MR said the market is projected to have a total valuation of $54bn by 2033.The company's research found the market is highly fragmented currently, and North America holds a ...
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Lufthansa submits offer to acquire a stake in ITA Airways
Lufthansa has confirmed it aims to acquire a minority stake in Italian national carrier ITA Airways with options for a full acquisition in the future.The German airline said on January 18 it submitted an offer to the Italian Ministry of Economy and Finance with a view to signing an MoU ...