Business

Acquisitions

DSV expects Panalpina deal to complete in Q3 as profits rise

DSV expects to close its takeover of Panalpina by the end of the third quarter of this year. In its…

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Panalpina continues to expand in the perishables sector with its latest acquisition

Panalpina will continue the expansion of its perishables network in South America through the acquisition of CargoMaster in Colombia and…

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Rhenus acquires Miami-based Freight Logistics Group

Rhenus has acquired Miami-headquartered high-tech supply chain specialist Freight Logistics as the German freight forwarding group continues on the acquisition…

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CEVA to be de-listed as CMA CGM is set to gain a 98% shareholding

The end of CEVA’s short time on the Zurich Stock Exchange looks to have been confirmed after CMA CGM said…

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Freightos WebCargo acquires Air Freight Bazaar India

E-booking platform Freightos WebCargo has acquired India’s Air Freight Bazaar, a regional air cargo rates and sales platform based in…

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DSV Panalpina: Focus on higher margins and growth rather than slimming down on jobs

DSV intends to lift the profit margin of $4.6bn take-over target Panalpina after the two global freight forwarders have combined…

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DSV boss “happy, proud and humble” to merge with Panalpina

DSV boss Jens Bjørn Andersen said that the proposed $4.6bn merger with Panalpina is expected to complete in around six months. Andersen,…

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Breaking news: Panalpina and DSV set to merge in $4.6bn deal

DSV and Panalpina have agreed the terms and conditions of a combination to join forces with a Public Exchange Offer…

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Cathay agrees HK Express acquisition from HNA

Hong Kong-based Cathay Pacific has entered into a HK$4.93bn share purchase agreement to buy 100% of low-cost carrier Hong Kong…

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Rhenus acquires World Net Logistics in South Africa

Germany’s Rhenus Group has continued its 2019 takeover spree by acquiring Johannesburg-headquartered freight forwarding and logistics specialist World Net Logistics…

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