Business

SATS to buy Worldwide Flight Services in €2.25bn deal

By Air Cargo News

Singapore-based cargo handler SATS has reached agreement to buy Worldwide Flight Services (WFS) from an affiliate of asset investor Cerberus…

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DHL acquires majority stake in Dutch e-commerce specialist Monta

By Rebecca Jeffrey

DHL Supply Chain has announced the acquisition of a majority stake in Dutch e-commerce specialist Monta. Both companies are aiming…

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SATS in “ongoing discussions” over potential WFS acquisition

By Rebecca Jeffrey

Singapore-based handling company SATS has confirmed it is in “ongoing discussions” regarding a potential acquisition of cargo handler Worldwide Flight…

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REPORTS: Deutsche Bahn to sell DB Schenker

By Damian Brett

The German federal government and Deutsche Bahn have agreed to sell the state-owned rail operator’s freight forwarding subsidiary DB Schenker,…

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Growing EV Cargo acquires 75% of Air Express Cargo

By Damian Brett

Freight forwarder EV Cargo has purchased a 75% stake in Spain-based Air Express Cargo as it looks to expand its…

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Acquisition hungry Worldwide Flight Services targets global growth

By Air Cargo News

Worldwide Flight Services’s (WFS) Craig Smyth speaks to Damian Brett about the air cargo logistics company’s growth plans, while it…

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Maersk continues push into logistics with latest takeover

By Damian Brett

Shipping giant AP Moller Maersk has completed the acquisition of e-commerce supply chain firm LF Logistics in a deal with…

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Bolloré Logistics completes acquisition of Lynair Logistics

By Rebecca Jeffrey

Bolloré Logistics has completed its 100% acquisition of Lynair Logistics to expand its footprint in Australia. Adelaide-based Lynair Logistics will…

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Hellmann becomes sole shareholder of Peruvian joint venture

By Rebecca Jeffrey

Hellmann Worldwide Logistics now owns 100% of shares in the Peruvian joint venture (JV) Hellmann Worldwide Logistics S.A.C. The German…

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Scan Global Logistics targets automotive with AFL acquisition

By Damian Brett

Fast-growing Danish forwarder Scan Global Logistics (SGL) has acquired an automotive logistics specialist as it targets growth in the sector….

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