All Acquisitions Articles – Page 9
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News
Janssen buys Maltacourt Global Logistics
Dutch logistics solutions company Janssen Group of Companies has acquired UK-based freight forwarder Maltacourt Global Logistics.Active in the air and ocean freight forwarding industry, Maltacourt has seven UK offices which provide services under its brands Maltacourt, Mandarin, and Extraordinair.Janssen entered the UK market in March with the acquisition of Norman ...
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Kuehne+Nagel expands in Africa with latest acquisition
Kuehne+Nagel has expanded its presence in Africa and the perishables market through the acquisition of Morgan Cargo.The acquired forwarder has a presence in South Africa, Kenya and the UK, employs around 450 people and in 2022 handled more than 40,000 tonnes of airfreight and 20,000 TEU of seafreight.The company also ...
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NewsAvia Solutions buys Slovakia’s AirExplore
Photo: Avia Solutions GroupACMI (aircraft, crew, maintenance, and insurance) operator Avia Solutions Group has acquired Slovak-based ACMI and charter airline AirExplore.Headquartered in Bratislava, and established 13 years ago, AirExplore operates ten Boeing 737-800 aircraft, two of them in freighter configuration. The acquisition brings Avia’s total fleet to of 180 aircraft.Avia ...
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Geodis acquires Swiss freight forwarder
France headquartered transport and logistics services provider Geodis has acquired the Swiss freight forwarder, ITS - International Transport & Shipping Ltd.Marie-Christine Lombard, chief executive of Geodis, commented: “Switzerland is home to a wide number of multinational companies that are key GEODIS customers, among them several dynamic members of the pharmaceutical ...
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Hellmann buys out Czech and Slovak partner
German forwarding and logistics company Hellmann Worldwide Logistics has taken over its long-standing Slovakian and Czech air- and seafreight partner, PKZ Group, and set up its own Slovakian national company.The acquisition includes PKZ’s ten locations as well as its air and multimodal operations.Existing business activities and the PKZ Group workforce ...
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NewsDigitalisation could see air cargo winners and losers
Ismail Durmaz. Photo: Global GSA GroupWinners and losers could emerge as digitalisation’s role in air cargo develops, says the head of Global GSA Group.Speaking to Air Cargo News, chief executive Ismail Durmaz says digitalisation will disrupt the industry, but it’s not yet clear which part/s will be impacted, and how.“We ...
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Lufthansa becomes minority shareholder in ITA
Lufthansa has agreed to acquire 41% of Italian carrier ITA and could in the future purchase the rest of the state-owned airline.Deutsche Lufthansa today reached an agreement with the Italian Ministry of Economy and Finance (MEF) to acquire the stake through a €325m capital increase.As part of the agreement, the ...
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Nippon Express acquisition of cargo-partner is confirmed
Austrian logistics provider cargo-partner will be sold to Japanese global logistics services company Nippon Express, the companies have confirmed after speculation dating back to last year.Cargo-partner company owner and founder Stefan Krauter, who had already passed on control of the company to the management team, described Nippon Express as his ...
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NewsBolloré positive on CEVA takeover bid to create new logistics giant
Henri Le Gouis, Bolloré Logistics Europe. Source: Bolloré LogisticsThe Bolloré Logistics name will disappear as its operations are brought under the CEVA Logistics brand, if CMA CGM Group’s bid to acquire the family-owned business receives regulatory approval, said Henri Le Gouis, Bolloré Logistics chief executive Europe.He told Air Cargo News ...
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NewsCMA CGM commits to acquiring Bolloré’s transport and logistics operations
Credit: CMA CGMMarseilles, France-headquartered ocean shipping and supply chain services provider CMA CGM Group has committed to acquiring the transport and logistics operations of Bolloré Logistics.Final completion of the transaction remains subject to examination by employee representation, and then to the required regulatory approvals.Should the acquisition go ahead, it would ...
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EFL Global acquires Locher Evers International
Logistics company EFL Global has acquired Canadian firm Locher Evers International (LEI).With over 47 years of experience, LEI offers airfreight, ocean freight, customs brokerage, rail service, warehousing, distribution, fulfillment, domestic trucking, and drayage.The acquisition of LEI expands EFL Global’s footprint in the Canadian market and strengthens its capabilities to provide ...
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NewsA CMA CGM takeover of Bolloré Logistics could create top five airfreight forwarder
French shipping giant CMA CGM on Tuesday (April 18) announced that it had tabled a bid to take over family-owned Bolloré Logistics in a deal estimated to be worth around $5.5bn.Following the news of the potential acquisition, the Bolloré Group revealed that the takeover could see its logistics business combined ...
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Nippon Express: no decision on cargo-partner acquisition
Japanese global logistics services company Nippon Express is believed to be in talks to buy Austrian logistics provider cargo-partner, however, the former said "no particular facts have been decided".The parties are negotiating terms of a potential deal and may reach an agreement as soon as the coming weeks, according to ...
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CMA CGM makes bid for Bollore Group's logistics activities
The CMA CGM Group has entered into exclusive negotiations to acquire Bolloré Logistics' transportation and logistics activities.If a deal is reached, the acquisition would further strengthen the shipping giant's logistics activities.Reuters suggests CMA CGM's offer has a value of around $5.5bn.CMA CGM Group said: "The negotiations are in line with ...
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Menzies Aviation to acquire majority stake in Groundforce
Menzies Aviation has signed a subscription agreement with TAP Air Portugal and Groundforce to acquire a controlling stake of 50.1% in Groundforce, the airline’s aviation services arm.Groundforce handles over 100,000 aircraft turns each year, across its operations at five airports in Portugal: Humberto Delgado Airport in Lisbon, Francisco Sá Carneiro ...
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New buyer found for Frankfurt-Hahn Airport
Frankfurt Hahn Airport has found a new buyer in the shape of German real estate firm Triwo.The purchase price, which has not been disclosed, has already been transferred to an escrow account.The conclusion and execution of the agreement are subject to conditions but both parties assume that these will be ...
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NewsScan Global Logistics continues expansion
SGL Romania Management Team from left to right: Sebastian Blaga, Rares Theodosiu, Adrian Pali, Andrei Zodie, Nicolae Dragan. Source: SGLFast-growing forwarder Scan Global Logistics has continued its expansion with the opening of an office in Bucharest.The forwarder said it had decided on the new office as Bucharest was fast becoming ...
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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 ...