Acquisitions – Page 12
-
NewsXeneta swoops on CLIVE Data Services
Niall van de Wouw of CLIVE Data Services and Xeneta's Patrik Berglund. Source: CLIVE Data ServicesAir and ocean rate data provider Xeneta has acquired airfreight data firm CLIVE Data Services as it looks to meet rising demand.Xeneta said that acquisition comes as the global freight market had been through its ...
-
News
Broker Air Partner set to be bought in $107m deal
Private aviation firm Wheels Up Experience Inc has reached an agreement to buy UK-based charter broker Air Partner.Under the terms of the transaction, Wheels Up will acquire the entire issued and to be issued ordinary share capital of Air Partner for £1.25 per share, equivalent to an enterprise value of ...
-
News
MSC and Lufthansa eye ITA Airways
Container shipping giant Mediterranean Shipping Co. (MSC) is interested in acquiring a majority stake in Italian state airline ITA Airways.The MSC Group aims to create a partnership with the Italian Government and the German airline Lufthansa.Both the MSC Group and Lufthansa have expressed the wish that the Italian Government maintains ...
-
News
Freightos Group acquires 7LFreight
The Freightos Group has acquired North American rate management company 7LFreight.The deal means that the WebCargo booking solution will be integrated into 7LFreight's platform, giving the company access to a wider market.WebCargo said that the acquisition solidifies its North American presence, bringing 7LFreight customers onto its booking platform which connects ...
-
NewsSwissport acquires Aruba’s AGS Aviation Ground Services
Photo: SwissportSwissport has finalised the acquisition of AGS Aviation Ground Services in Aruba and its ground handling operations at Queen Beatrix International Airport (Aruba Airport).The new ground handling services in Aruba is an expansion of Swissport’s existing operations at Aruba Airport, where the Swiss services provider currently maintains an air ...
-
NewsVINCI to develop cargo at Brazil’s Manaus Airport
Manaus International Airport in Brazil. Photo: Vinci AirportsVINCI Airports has taken over the operations of Manaus International Airport in Brazil and plans to further develop its cargo business.Manaus has already established itself as a cargo airport in Brazil and France-headquartered VINCI will now focus on optimising its operations.VINCI took over ...
-
NewsFedEx feeder provider West Air sold
FedEx Feeder. Photo West AirEmpire Holdings, parent company of Empire Airlines, has purchased California-based FedEx Feeder airline West Air.West Air operates Cessna Caravan aircraft for FedEx, servicing parts of California, Nevada, and Utah. Founded in 1978, the company has served as a FedEx Feeder operator since 1987.The acquisition expands the ...
-
NewsAir Cargo News' most read stories in 2021
Last year was another busy 12 months for the air cargo industry, with COVID-19 continuing to take its toll on supply chains.Some of the challenges facing the industry were modal shift, COVID shutdowns, rising demand and ongoing capacity shortages but once again air cargo came through, playing a key role ...
-
News
Bolloré in talks to sell Africa logistics business
The Bolloré Group is holding talks with container shipping giant MSC over the sale of its African logistics division.The French company said that it had received an offer from MSC to acquire 100% of Bolloré Africa Logistics, comprising all of the Bolloré Group’s transport and logistics activities in Africa, on ...
-
NewsTata Group's Air India acquisition approved
Air India plane. Copyright: aeroprints.com, CC BY-SA 3.0 , via Wikimedia CommonsThe Tata Group’s acquisition of Air India has been approved by the Competition Commission of India (CCI).Following the divestment of Air India Limited (Air India), the Tata Group has won a bid to acquire the entire company, including the ...
-
NewsCSafe Global acquires packaging provider
Softbox Systems is a passive packaging provider for the pharma and cold chain logistics industries. Photo: Softbox SystemsTemperature-controlled container firm CSafe Global has acquired Softbox Systems, a passive packaging provider for the pharma and cold chain logistics industries.Terms of the transaction were not disclosed. The combined company will operate globally ...
-
NewsMondiale VGL grows with acquisition
From left to right: George Schirato (Mondiale VGL Director); Louise Rigoni (CAS Director); Mark Callus (CAS Director); and Chris James (Mondiale VGL COO). Copyright: Mondiale VGLAustralasian end-to-end supply chain giant Mondiale VGL has acquired a South Australian-based customs and logistics business.Mondiale VGL, the largest, privately-owned international freight forwarding and logistics ...
-
NewsNavia finds Keys to expanding its network and offering
Melbourne-headquartered Navia has extended its Australian network with the purchase of Perth-based Keys Freight and Logistics.Logistics company Navia now has locations in four Australian cities and an expanding global footprint with offices in strategic locations around the world.Keys Freight and Logistics was founded in 2015 and has expert knowledge of ...
-
NewsRhenus looks to expand in the US with GNL acquisition
Source: Rhenus LogisticsRhenus Logistics Americas has continued to expand its presence in the US through the acquisition of Texas-based forwarder Global Net Logistics.Rhenus said the move would strengthen the company’s global air and ocean network in the southwest region of the USA and complement the existing Houston branch.Global Net Logistics ...
-
News
Maersk targets air cargo with Senator acquisition and freighter order
Shipping giant AP Moller Maersk is expanding into the air cargo market with the acquisition of freight forwarder Senator International and the addition of five freighters.The company, which owns the world's largest container shipping line Maersk Line, said it "intends" to acquire Senator International to "accelerate its product offering which ...
-
News
Maersk set to swoop on Senator International?
Shipping giant AP Moller Maersk is in discussions to takeover Hamburg-based freight forwarder Senator International.Air Cargo News sister publication DVZ reports that the talks are at an advanced stage and a deal could be announced this week.Both companies declined to comment to DVZ.The deal would continue Maersk's push into supply ...
-
News
NAS expands cargo presence in Kenya through Siginon partnership
National Aviation Services (NAS) has acquired a 51% stake in Siginon Aviation which provides airport ground handling and cargo management services at two Kenyan airports.The deal means that NAS has expanded its presence in Africa through the addition of Nairobi and Eldoret airports in Kenya.NAS group chief executive Hassan El-Houry ...
-
News
Alliance expands in Chicago with MIC acquisition
Cargo handler Alliance Ground International (AGI) has acquired Maestro International Cargo as it looks to expand its presence in Chicago.AGI said that Maestro has positioned itself as one of Chicago O'Hare's (ORD) "leading ground handlers", focusing on "excellent customer service and an innovative cold-chain pharmaceutical service offering".AGI and Maestro’s combined ...
-
NewsSEKO Logistics continues expansion with Bansard deal
Source: SEKO LogisticsSEKO Logistics has completed its largest acquisition to-date with an investment in Paris-headquartered logistics group Bansard International.Bansard provides door-to-door logistics management services, covering consultancy, freight forwarding, warehousing, de/consolidation, transportation management, quality control, and customs clearance services.Bansard International has 54 offices in 17 countries and employs about 600 people. ...
-
NewsScan Global Logistics expands into UK with Horizon deal
Nigel Davies (L) of Horizon and Allan Melgaard of SGL. Source SGLFast-growing Scan Global Logistics (SGL) has added a presence in the UK through the takeover of Horizon International Cargo.SGL said that having a presence in the second-largest market in Europe is a "strategic move pivotal to the company's long-term ...