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acquisitions

  • News » Geely chosen as Proton’s strategic partner

    May 24th 2017 Chinese carmaker Geely will take a 49.9% stake in Malaysia’s Proton group, as well as a 51% controlling interest in luxury car brand Lotus as part of a deal with DRB-Hicom Group. Under a $360m bailout agreement signed with the Malaysian government last year, the carmaker was required to find a foreign strategic partner that […]
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  • News » Toyota Motor Europe recognises Yusen Logistics for acquisition skills

    May 23rd 2017 Yusen Logistics (Europe) was the only logistics company to receive an award from Toyota Motor Europe at its Annual Business Meeting & Supplier Awards Ceremony held in Brussels, Belgium, recently. Of the 27 awards given to the carmaker’s parts and services suppliers in Europe, Yusen took the Superior Award in the Supply category. Yusen said it […]
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  • News » Kerry Logistics announces Tuvia Italia takeover

    May 17th 2017 Kerry Logistics has announced its takeover of a majority stake in Italian logistics provider, Tuvia Italia. It is the latest move in Kerry’s expansion in Europe, though as Thomas Blank, managing director for Europe, explained to Automotive Logistics at last week’s Transport Logistic trade fair in Munich, Germany, the company’s asset-light approach there is different […]
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  • News » Groupe CAT in talks to buy STVA from France’s SNCF

    May 3rd 2017 Transport and logistics provider Groupe CAT has entered into exclusive negotiations to purchase the STVA Group from French state-owned rail company, SNCF, for an undisclosed amount. If successful, the deal would give CAT one of Europe’s largest bimodal finished vehicle logistics fleets and add a proforma €312m ($340m) to its 2016 turnover of €1.2 billion. […]
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  • News » Green light for Maersk Line’s acquisition of Hamburg Süd

    May 3rd 2017 The respective boards of Maersk Line and Oetker Group have approved the agreement for a takeover by the former of shipping company Hamburg Süd, in a deal first announced last December. The acquisition of the Oetker subsidiary will add 20% to Maersk Line’s capacity and 26% to revenues, mainly on the north-south trade lanes to […]
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  • News » Groupe CAT takes full ownership of Carlson Vehicle Transfer

    April 19th 2017 Groupe CAT has announced the latest acquisition in its consolidation spree, buying the 50% in UK firm Carlson Vehicle Transfer (CVT) that it did not already own for an undisclosed sum. The stake was acquired from founder Carl Richardson, who will still provide support to the company, according to a CAT statement. CAT acquired its […]
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  • News » Groupe PSA to consider restarting Opel assembly in Russia

    April 6th 2017 Groupe PSA CEO Carlos Tavares has suggested the firm’s acquisition of GM’s European division could bring about a return of the Opel brand to the Russian market. The French carmaker announced the $2.3 billion deal to acquire GM’s European division, which includes Opel and Vauxhall, last month. GM pulled assembly out of the Russian market […]
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  • News » Tradisa buys Mosolf Group out of Tramosa

    April 3rd 2017 Automotive logistics provider Tradisa has bought the other half of its jointly owned Tramosa business from the Mosolf Group for an undisclosed sum. The transaction comprised consolidating ownership of Tramosa France, based in Creutzwald, and Tramosa Logistik, based in Saarlouis, Germany. “The purpose of this transaction is to simplify the network of companies and to […]
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  • News » Groupe CAT takes over Sintax Logistica

    March 15th 2017 French transport and logistics provider Groupe CAT has acquired Spanish firm Sintax Logistica for an undisclosed sum. Sintax is an international vehicle logistics provider with a focus on Spain, France, Portugal and Morocco. Its services include new and used vehicle transport, multimodal distribution, compound management and technical services such as pre-delivery inspection, post-production operations, vehicle maintenance […]
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  • News » Intel shifts gear in driverless car market with Mobileye acquisition

    March 14th 2017 Chipmaker Intel has made a massive push into the autonomous car sector with an agreement to buy driverless vehicle technology firm Mobileye for just over $15 billion. The acquisition of the Jerusalem-based technology company, which should be completed over the next nine months, gives Intel access to a vehicle systems, data and services market it […]
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