Acquisitions – Page 3
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NewsCIS acquires Acuitive’s AcuAudit
Generic Financial funding generic Photo: Number1411/ Shutterstock 530884729 Photo: Number1411/ Shutterstock Global provider of freight audit and payment solutions Cass Information Systems (CIS) – not to be confused with IATA’s CASS settlement platform – has acquired ocean and airfreight audit platform AcuAudit from Acuitive Solutions. AcuAudit is ...
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NewsAir Cargo News’ most read stories in 2024
2024 was a better than expected year for air cargo, according to many stakeholders in the industry. E-commerce and Red Sea-related sea to air demand helped push up volumes, although there were also plenty of challenges throughout the year. Not unexpectedly, the sale of DB Schenker, a milestone e-commerce flight ...
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NewsScan Global Logistics acquires ITN Logistics Group
Scan Global Logistics has acquired ITN Logistics Group
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NewsWFS swoops on Wallenborn Outsourcing and adds fourth Copenhagen facility
WFS will open a fourth cargo terminal in Copenhagen
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NewsPeso and Air One gain court approval for takeover of Air Belgium’s cargo business
Air One and Peso Aviation gain court approval for takeover of Air Belgium’s cargo business
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NewsArdian becomes largest Heathrow Airport stakeholder
French private investment company Ardian has become the largest shareholder of London’s Heathrow Airport
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NewsKorean Air completes drawn out acquisition of Asiana
Korean Air has today completed the $1.3bn acquisition of Asiana Airlines
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NewsStonepeak takeover of ATSG to progress as 'go-shop' period expires
Photo: EFW Investment firm Stonepeak’s $3.1bn takeover of freighter aircraft leasing giant ATSG will move ahead following the expiration of a go-shop period. The two businesses entered into a definitive agreement for the deal in early November but this included a 35-day go-shop period, which came to ...
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News
UK and Dutch investors await approval to pick up Air Belgium’s freight operations
UK long-haul freight specialist Air One Holdings International and a Dutch firm, Peso Aviation Management, are looking to take over the cargo operations of struggling carrier Air Belgium. The two investors have submitted an offer to a business court which, according to Air Belgium, is set to issue a decision ...
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NewsReports: US approves Korean takeover of Asiana
Source: Thanhliemnguyen/Shutterstock The US has reportedly approved Korean Air’s takeover of Asiana Airlines, meaning the acquisition has now cleared its last regulatory hurdle. South Korea-based Maeil Business Newspaper said that according to industry sources, the US Department of Justice (DOJ) gave the green light for the acquisition ...
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NewsEU approves sale of Asiana's cargo business to Air Incheon
Source: Thanhliemnguyen/Shutterstock The European Commission has approved the sale of Asiana Airlines’ cargo business to Air Incheon to enable Korean Air to move closer to acquiring Asiana Airlines. On February 13, the Commission approved the proposed acquisition of Asiana by Korean, but as part of this, Korean ...
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NewsOIA Global acquires two Australian forwarders
Photo: stockphoto mania/ ShutterstockUS supply chain services company OIA Global is broadening its Australasian and Asia footprint with the acquisition of BTi Logistics and Airmark Ocean & Air Logistics.BTi Logistics is an Australian owned freight forwarding and third party logistics (3PL) company operating in Melbourne, Sydney, Brisbane, Auckland and Singapore. ...
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NewsSwissport targets e-commerce with ViaEurope acquisition
Warwick Brady, president and chief executive of Swissport; and Bram-Jan Streefland, chief executive of ViaEurope. Photo: SwissportSwissport has signed an agreement to acquire ViaEurope, an end-to-end e-commerce handling company, specialising in advanced solutions for shippers, cargo airlines and freight forwarders.ViaEurope offers its e-commerce services at five major airports in Europe: ...
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NewsATSG to be acquired for $3.1bn
Photo: Number1411/ ShutterstockInvestment firm Stonepeak is set to acquire US freighter lessor and operator Air Transport Services Group (ATSG) for $3.1bn.The two businesses have entered into a definitive agreement, which has been unanimously approved by ATSG’s board of directors.Upon completion of the transaction, ATSG's shares will no longer trade on ...
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NewsSpeedX acquires Accelerated Global Solutions
Chris Zheng. Photo: SpeedX Tech-enabled last mile delivery platform SpeedX has delved into airfreight with the acquisition of freight forwarder Accelerated Global Solutions (AGS). AGS brings a range of services to SpeedX, including international air and ocean freight forwarding, warehousing solutions and licensed customs brokerage. With over ...
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NewsGlobal K9 acquires Dog Detectives
From left to right: Major Ali Aljeeran, head of Bahrain customs K9 unit; Andrew Jones, director; and major Hamad Alnaham, head of search and investigation section. Photo: Dog DetectivesUS air cargo screening business Global K9 Protection Group (GK9PG) has acquired UK-based canine screening provider, Dog Detectives.The acquisition represents GK9PG’s first ...
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NewsVanderlande acquires Siemens Logistics
Photo: Jaromir Chalabala/ ShutterstockDutch logistics equipment company Vanderlande has signed an agreement to acquire Siemens Logistics from German technology company Siemens.Vanderlande's acquisition of Siemens Logistics, which provides baggage and cargo handling as well as digital solutions for the airport operation of the future, is anticipated to strengthen its position within ...
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NewsScan Global Logistics adds Ireland presence
Source: SGLFreight forwarder Scan Global Logistics (SGL) has continued its ongoing expansion with the opening of its first office in Ireland.The Denmark-headquartered forwarder said the new Dublin office would help strengthen its presence on the transatlantic trade lane."Ireland is a key market for us. Its proximity to major trade lanes ...
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NewsDSV raises €5bn to part fund Schenker acquisition
DSV has raised €5bn through a share sale to help fund its €14.3bn purchase of DB Schenker.The "oversubscribed" offering was made to institutional investors in Denmark and internationally at market price and without pre-emption rights to DSV’s existing shareholders."The proceeds from the offering will be used to partly finance the ...
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News
Kales expands in Turkey with acquisition of ACT
GSSA Kales Group has acquired Turkey-based ACT Global as part of efforts to expand its presence in the country.Kales said that the acquisition of ACT comes as demand out of the country is on the rise and added that the move will also support a wider global expansion.The company provides ...