China’s SF Holdings is reportedly in talks to acquire Kerry Logistics Networks, according to a Reuters report.
Referencing sources close to the matter, Reuters said that a deal proposal could be announced in the coming week.
Shares of Kerry Logistics rose approximately 25 percent on Thursday last week, giving the company a market cap of USD5.44 billion.
DSV has been successful in its bid for German freight forwarder DB Schenker
DSV and a private equity consortium led by CVC have reportedly put in binding bids of around EUR14 billion (USD15.6 billion) for DB Schenker.
Barnhart Crane and Rigging has purchased Mountain States Crane of Albuquerque, New Mexico.
Bjørnar Bukholm has rejoined ro-ro shipping group Wallenius Wilhelmsen as chief financial officer (cfo) and executive vice president (evp).
Enrico Farneti will become managing director of the Italian subsidiary of Hellmann Worldwide Logistics (Hellmann Italy) in November.
Trans Global Projects Group (TGP) has appointed Panos Patsadas as global chartering manager.
