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mergers

  • News » Cosco Shipping makes $6.3 billion bid for OOIL

    July 12th 2017 Cosco Shipping lines is leading a bid to buy rival Orient Overseas (International) Ltd (OOIL) for HK$49.25 billion ($6.3 billion), as consolidation in the shipping industry continues. OOIL is the seventh largest container shipping company in the world, with extensive container shipping routes and networks. Cosco Shipping is currently the fourth largest container shipping company, […]
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  • News » In Time buys Spanish partner as automotive sector drives growth

    July 12th 2017 German premium freight provider, In Time Express Logistik, has bought Spanish courier and express transport operator, Servicios Empresariale Ader (Ader), along with two smaller sister companies for an undisclosed sum. Ader has been In Time’s local network partner in Spain for 15 years. “Transport volumes for In Time on the Iberian Peninsula have reached a […]
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  • News » Gefco confirms partial sale being considered by controlling shareholder

    June 14th 2017 Gefco has confirmed its parent company, Russian Railways (RZD), is considering selling a partial stake in the company but plans to remain the majority shareholder. RZD completed an €800m ($900m) acquisition of a 75% stake in the logistics provider from PSA Group in December 2012. PSA remains its biggest customer and still owns a 25% […]
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  • News » Uni-Select acquires The Parts Alliance to break into UK aftermarket

    June 7th 2017 North American aftermarket parts distributor, Uni-Select, is making a foray into the UK market by purchasing The Parts Alliance from private equity group HgCapital in a transaction valued at £205m ($263m). According to Uni-Select, the Solihull-headquartered company is the number two distributor in the UK with about 7% of the total £4.1 billion market. Following […]
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  • News » Hub Group adds dedicated trucking arm with $306m Estenson purchase

    May 31st 2017 US-based multimodal services provider Hub Group has agreed to acquire dedicated trucking company Estenson for $306m. Hub chairman and CEO David Yeager said his company had been searching for an acquisition in this market segment for the past two years, to help it provide “a more complete multimodal solution”. Hub’s top 30 clients spend more […]
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  • 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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